BOCA RATON, Fla., Feb. 01, 2018 (GLOBE NEWSWIRE) -- iPic® Entertainment Inc. (“iPic” or the “Company”) is pleased to announce that its common stock will begin trading on the Nasdaq today, February 1, 2018, at approximately 10:30 a.m. EST under the ticker symbol “IPIC.”
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), was the Lead Managing Selling Agent; Roth Capital Partners, LLC was the Institutional Placement Book-Running Agent; and Telsey Advisory Group LLC (“TAG”) was the Co-Manager for the offering.
“This is a significant milestone for iPic to now be a publicly traded company and listing on the Nasdaq Stock Market as we begin a new chapter for our company. We are committed to executing on our business goals and the significant growth opportunities ahead to deliver long-term shareholder value,” said Hamid Hashemi, Founder & Chief Executive Officer. “Our entire iPic team is dedicated and committed to providing our guests with a world-class hospitality experience that is their favorite local destination for a night on the town.”
For additional information on iPic® Entertainment Inc., the offering and any other related topics, please visit the iPic Investor Relations page at investors.ipictheaters.com.
About iPic® Entertainment
Established in 2010 and headquartered in Boca Raton, FL, iPic® Entertainment is America’s premier luxury restaurant-and-theater brand. A pioneer of the dine-in theater concept, iPic® Entertainment’s mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and bar/restaurants. iPic® Theaters currently operates 16 locations with 121 screens in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin and new locations planned for California, Connecticut, Philadelphia, and New York. For more information, visit www.ipic.com.
Forward-Looking Statements
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement that we have filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and iPic® Entertainment does not undertake any duty to update any forward-looking statements except as may be required by law.
Legal Disclaimer
The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become qualified. The securities offered by iPic Entertainment Inc. are highly speculative. Investing in shares of common stock of iPic Entertainment Inc. involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and there can be no assurance that a public market will develop. For additional information on iPic Entertainment Inc., the offering, and any other related topics, please review the qualified Form 1-A offering circular that can be found at the following location: https://www.sec.gov/Archives/edgar/data/1720201/000121390018001071/f253g2_ipic.htm. Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found at the following location: www.banq.co/listings/ipic#documentation and select the Risk Factors tab.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Investor Relations:
ICR
Melissa Calandruccio, CFA
iPicIR@icrinc.com
646-277-1273
Media Relations:
The Gab Group for iPic® Entertainment Corporate
Michelle Soudry
msoudry@thegabgroup.com
561-750-3500
Jonesworks
Stephanie Jones/Michelle Bower
ipic@jonesworks.com
212-839-0111