MoneyOnMobile, Inc. (OTCQB: MOMT) reminds its right holders to contact their financial advisor in regards to the timing and procedures for exercising your subscription rights.
– This right offering allows its shareholders the opportunity to maintain or increase their respective ownership in the company by exercising their subscription rights for $6 per share.
– MoneyOnMobile distributed to its shareholders of record non-transferable subscription rights to purchase one share of MoneyOnMobile common stock for each share of common stock held or common stock issuable upon conversion of preferred stock held at 4:00 p.m., Eastern Time, on May 11, 2018.
– Holders who fully exercise their basic subscription privilege will be entitled to purchase additional shares of common stock via the over-subscription privilege (should any of the offering remain unsubscribed at the expiration of the subscription period).
Calendar for 2018 rights offering:
Wednesday, May 16 Subscription Period Began
Wednesday, June 6 Subscription Period Ends by 5:00 PM ET