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The NFT Gaming Company Announces $500,000 Share Repurchase Plan
The NFT Gaming Company Announces $500,000 Share Repurchase Plan
Roseland, NJ , March 22, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. (NASDAQ:NFTG) ("NFT Gaming" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or "NFTs," today announced that the Board of Directors has authorized the repurchase of up to $500,000 of the Company's common stock.
"The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our Board of Directors and executive management team are committed to delivering value to our shareholders," said Vadim Mats, Chief Executive Officer.
The timing, the number of shares repurchased, and prices paid for the stock under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory limitations, including blackout period restrictions. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.
About The NFT Gaming Company, Inc.
The NFT Gaming Company is developing a digital gaming platform that will offer our proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, in the form of non-fungible tokens, or "NFTs," that will allow users to have unique experiences and more control over in-game assets. We plan to initially launch our own proprietary games that are simple and fun to play, and that offer gamers the ability to mint their own affordable NFTs within the platform, with unique and exclusive features, that can be utilized across the network of games and platform that we plan to build.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the Company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Risk Factors section of the Company's Registration Statement and preliminary prospectus for the offering filed with the SEC. Thus, actual results could be materially different. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
The NFT Gaming Company, Inc. Company Contact
Investor Relations
E:ir@nftgco.com
T: 1-888-319-2499
Roseland, NJ , March 22, 2023 (GLOBE NEWSWIRE) -- The NFT Gaming Company, Inc. (NASDAQ:NFTG) ("NFT Gaming" or the "Company"), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or "NFTs," today announced that the Board of Directors has authorized the repurchase of up to $500,000 of the Company's common stock.
新泽西州罗斯兰,2023 年 3 月 22 日(GLOBE NEWSWIRE)——NFT 游戏公司(纳斯达克股票代码:NFTG)(“NFT Gaming” 或 “公司”)今天宣布,董事会将使用户能够铸造可在平台所有游戏中玩的独特头像董事们已授权回购高达50万美元的公司普通股。
"The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our Board of Directors and executive management team are committed to delivering value to our shareholders," said Vadim Mats, Chief Executive Officer.
“当前的资本市场状况使我们能够通过这项谨慎的回购计划为所有股东获取额外价值。我们的董事会和执行管理团队致力于为股东创造价值,” 首席执行官瓦迪姆·马茨说。
The timing, the number of shares repurchased, and prices paid for the stock under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory limitations, including blackout period restrictions. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.
根据该计划回购股票的时机、回购的股票数量和支付的价格将取决于可用的流动性、现金流和市场状况以及公司和监管限制,包括封锁期限制。回购计划并未规定公司有义务收购任何特定数量的股票,公司可以随时自行决定暂停或终止回购计划。
About The NFT Gaming Company, Inc.
关于 NFT 游戏公司
The NFT Gaming Company is developing a digital gaming platform that will offer our proprietary games as well as games developed and published by third parties. Our vision is to develop, design, acquire, and manage conventional digital games and to combine them with novel methods, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, in the form of non-fungible tokens, or "NFTs," that will allow users to have unique experiences and more control over in-game assets. We plan to initially launch our own proprietary games that are simple and fun to play, and that offer gamers the ability to mint their own affordable NFTs within the platform, with unique and exclusive features, that can be utilized across the network of games and platform that we plan to build.
NFT 游戏公司正在开发一个数字游戏平台,该平台将提供我们的专有游戏以及第三方开发和发行的游戏。我们的愿景是开发、设计、获取和管理传统的数字游戏,并将它们与新颖的方法相结合,例如能够以不可替代的代币或 “NFT” 的形式创建和铸造独特的游戏内功能,例如皮肤、角色、武器、装备,这将使用户获得独特的体验并更好地控制游戏内资产。我们计划首先推出自己的专有游戏,这些游戏玩起来简单有趣,让游戏玩家能够在平台内铸造自己的负担得起的 NFT,具有独特的专有功能,可以在我们计划构建的游戏和平台网络中使用。
Forward-Looking Statements
前瞻性陈述
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the Company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Risk Factors section of the Company's Registration Statement and preliminary prospectus for the offering filed with the SEC. Thus, actual results could be materially different. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
本新闻稿包含构成 “前瞻性陈述” 的声明,包括与公司首次公开募股有关的陈述。前瞻性陈述受许多条件的约束,其中许多条件是公司无法控制的。尽管公司认为这些前瞻性陈述是合理的,但不应过分依赖任何此类前瞻性陈述,这些陈述基于公司在本新闻稿发布之日获得的信息。这些前瞻性陈述基于当前的估计和假设,受各种风险和不确定性的影响,包括但不限于公司注册声明的风险因素部分和向美国证券交易委员会提交的初步发行招股说明书中规定的风险和不确定性。因此,实际结果可能存在重大差异。除非法律要求,否则在本新闻稿发布之日之后,无论是由于新信息、未来事件还是其他原因,公司均没有义务更新这些声明。
The NFT Gaming Company, Inc. Company Contact
NFT 游戏公司公司联系人
Investor Relations
投资者关系
E:ir@nftgco.com
T: 1-888-319-2499
E:ir@nftgco.com
T: 1-888-319-2499
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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