Long Blockchain pulls share offering [Seeking Alpha]
LONG BLOCKCHAIN CORP COMMON (LBCC)
US:NASDAQ Investor Relations:
investors.longislandicedtea.com
Company Research
Source: Seeking Alpha
Long Blockchain pulls share offeringLong Blockchain (NASDAQ:LBCC) announces that it's not proceeding with a public share offering at this time.The company says it will continue with the plan to consummate the purchase of 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs.Shipments are expected this month for immediate commencement of mining operations.Company statement: "Notwithstanding its intent to close on the proposed acquisition, the Company can make no assurances that it will be able to finance the purchase of the mining equipment."Long Blockchain says it will continue to evaluate and explore multiple specific opportunities involving blockchain technology, including potential partnerships, investments and acquisitions.For those scoring at home, Long Blockchain was a beverage company called Long Island Iced Tea until last December.LBCC-6.17% premarket to $4.71.Source:Press ReleaseSee all stocks on the move »Now read:Blockchain Makeover Of A Penny Stock »
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