Sichenzia Ross Ference LLP Represents H.C. Wainwright in $4,550,000 Private Placement of Innovative Payment Solutions, Inc.
Press Release – New York, NY – March 17, 2021 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $4,550,000 private placement offering of Innovative Payment Solutions, Inc. (OTCQB: “IPSI”), a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay. The offering consisted of 30,333,334 shares of common stock and warrants to purchase up to an aggregate of 15,166,667 shares of common stock, at a combined purchase price of $0.15 per share and associated warrant. The gross proceeds from the private placement offering were approximately $4,550,000.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Avital Perlman, David Manno and law clerk Zachary Weiss.
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