LOS ANGELES, CA – 12 Apr, 2017 – (OTC.PK: SLCH) is pleased to announce that the company has received approval by the Securities and Exchange Commission to issue shares of its free trading treasury shares as part of an investment offering. The SEC’s Office of Investor Education and Advocacy issued statements regarding such offerings and regulations in 2015. At that time the SEC amended Regulation A in order to create a new exemption from registration under the Securities Act, as mandated by the Jump start Our Business Startups (JOBS) Act, to enhance the ability of smaller companies to raise money. Spotlight Capital Holdings applied and was approved to take advantage of this incredible opportunity.
The restructuring of common shares will allow the company to progress forward with conducting a Regulation A+ Offering (Reg A+) offering, in which we anticipate receiving various commitments from a number of institutional funds. This offering will help the company move away from traditional toxic financing, such as convertible debt, and to friendlier financing that would provide the funding needed to execute its business model in full.
About Regulation A Plus
Regulation A Plus allows companies to offer and sell securities to the public, but with more limited disclosure requirements than what you would currently expect from publicly reporting companies. In comparison to registered offerings, smaller companies in earlier stages of development may be able to use this rule to more cost-effectively raise money.
The executive team at Spotlight decided to exploit this opportunity as part of its overall business strategy. Spotlight will now be able to meet all disclosure requirements, show incentives to potential investors and acquisition targets. We are enthusiastic about being able to meet acquisition goals short-term due to this opportunity.
FORWARD-LOOKING STATEMENTS: “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. These statements are based on current expectations, and are to a certain degree uncertain. Words such as expects, anticipates, intends, believe, plan, will and similar words are expressions intended to identify these forward-looking statements. These statements involve risk and subsequently are difficult to evaluate. Actual results may vary from descriptions herein due to many factors including but not limited to changes in business conditions, changes in laws and regulations, problems and changes in the competitive environment, technological advances, shortages of skilled workers, the need for additional capital and other risks listed in the company’s Securities and Exchange Commission filings under “risk factors” and elsewhere. Forward-looking statements speak only as of the date they were made, and the company is under no obligation to update them.
Spotlight Capital Holdings, Inc.
601 South Figueroa Street, Suite 4050
Los Angeles, CA 90017
Company Name: Spotlight Capital Holdings, Inc.
Contact Person: Andre\’ L. Ligon
Country: United States