Sichenzia Ross Ference LLP Represents CloudCommerce, Inc. in $10.0 Million Registered Direct Offering
Press Release – New York, New York – February 23, 2021 – Sichenzia Ross Ference LLP announced today that it represented CloudCommerce, Inc. (OTC: CLWD), in a registered direct offering of 142,857,143 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase 142,857,143 shares of common stock. The purchase price for one share of common stock (or common stock equivalent) and one warrant to purchase one share of common stock was $0.07. The gross proceeds from the offering were approximately $10,000,000.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The securities described above were offered pursuant to a “shelf” registration statement (File No. 333-252358) filed with the Securities and Exchange Commission on January 22, 2021 and declared effective on February 16, 2021.
The Sichenzia Ross Ference LLP team was led by Partners Gregory Sichenzia, Jeffrey Cahlon and Huan Lou.
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