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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Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $4,550,000 Private Placement of Innovative Payment Solutions, Inc.

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