LONDON, August 14, 2018 /PRNewswire/ --
Prospectus to raise an additional US$6m will be issued
Right of Reply ("RoR", or "the Company"), a fast-growing technology company dedicated to protecting people's reputation on the Web by providing online and real world management tools, today announces the successful Close of a Placing of 291,000 new common (ordinary) shares at £7 (US$9.68) each, raising gross proceeds of £2,037,000 (US$2,816,880).
An 8K statement will be filed with the United States Securities and Exchange Commission ("SEC") related to this placement.
Proceeds of the issue are being used to develop the Company's products and services and for its acquisition strategy.
The Company will be filing a new Prospectus with the SEC to raise a further US$6,000,000 through the issue of 400,000 shares of new common stock at US$15 per share. This Prospectus will be used for RoR's IPO which is scheduled for the 4th quarter of this year.
The company has reserved the NASDAQ Stock Symbol 'ROR', received its ISIN Number GB00BFLTWQ03 and successfully filed its application for listing on Nasdaq Capital Market.
The Company has appointed PKF Littlejohn LLP as UK auditors and Lextray Ltd as Company Secretary.
Right of Reply
Right of Reply is a Social Impact technology company which provides easy-to-use reputation management tools to ensure anyone's ability to counter unfair, inaccurate or incomplete reporting by putting the other side of the case with identical placing and prominence as the original article http://www.ror.news, credit report http://www.roccnow.com or internet post and personal identity http://www.rorkey.com.
These reputation management tools have been created to deal with personal attacks online on social media and blogs, newspaper coverage and credit reports.
Right of reply is a member of:
The Impact Investment Network, http://www.impactinvestmentnetwork.com
Work for Good, https://workforgood.co.uk/businesses/view/right-of-reply-ltd
Social Enterprise UK, https://www.socialenterprise.org.uk
For further information, see: https://rightofreply.news
SOURCE Right of Reply