AWH Announces Intent to Complete Private Placement with Large Existing Debt and Equity Investor, Raising $7 Million in Additional Equity
"We are seeing a lot of attractive acquisition opportunities that Ascend believes could be significantly accretive," said
The Shares will be offered and sold in a private placement pursuant to the exemption from registration provided by Rule 506(b) of Regulation D under the Securities Act of 1933, as amended (the "Securities Act"). The Shares have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell, or a solicitation of an offer to purchase, the Shares in any jurisdiction in which such offer or solicitation would be unlawful.
AWH is a vertically integrated operator with assets in
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends, and on certain assumptions and analyses made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. These forward-looking statements include statements about the ability to complete the Private Placement, the Company's planned use of proceeds from the Private Placement, the ability to identify and complete potential acquisitions and the impact thereof on the Company's continued growth, and the Company's ability to add value.
Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company's Annual Report on Form 10-K for the year ended
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Company Officer, Chief Financial Officer, Daniel Neville, (617) 453-4042 ext. 90102; Investor Contact, SVP of Investor Relations, Rebecca Koar, [email protected]