Jerrick Media Holdings, Inc. Announces Extension of Expiration Date of Its Tender Offer by One Week to Accommodate Interest in the Offering

Published on March 14, 2019

NEW YORK, March 15, 2019 /PRNewswire/ -- Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the "Company" or "Jerrick"), a technology company and the creator of Vocal, announced today that it has elected to extend the expiration date for its offer to holders of certain of the Company's outstanding warrants (the "Warrants"), each with an exercise price of $0.20, to receive an aggregate of 61,832,962 shares of the Company's Common Stock, par value $0.001 per share (the "Shares"), to receive thirty-three thousand three-hundred thirty-three (33,333) Shares in exchange for every one-hundred thousand (100,000) Warrants tendered by the holders of Warrants (the "Tender Offer") until 11:59 p.m., Eastern Time, on Thursday, March 21, 2019 to accommodate interest in the offering. Issuance of the Shares for properly tendered Warrants will be made promptly upon the expiration of the Tender Offer or as soon as practicable thereafter. The Tender Offer previously was scheduled to expire at 5:00 p.m., Eastern Time, on Thursday, March 14, 2019. The full terms and conditions of the Tender Offer (excluding the extension of the expiration date described above) are set forth in the Offer to Exchange, Letter of Transmittal and related materials, each dated February 14, 2019, as amended and supplemented from time to time (the "Offer Materials").

Stockholders of the Company that have already tendered their Warrants need not take any further action as a result of this Public Announcement. Questions regarding this Public Announcement or any terms and conditions of the Tender Offer should be directed to the Company at (201) 258-3770.

This Public Announcement is for informational purposes only and shall not constitute an offer to purchase, nor a solicitation for acceptance, of the Tender Offer. The Tender Offer is being made only pursuant to the Offer Materials.

As of 11:59 Eastern Time on March 13, 2019, preliminary results of the Tender Offer indicate that 30,332,824 Warrants had been tendered for an exchange of 10,110,861 shares of common stock.

Forward Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

Listen to article