iPic® Entertainment Inc. announces it has selected the Nasdaq Stock Market for the listing of its upcoming $40 millionRegulation A+ Initial Public Offering (IPO), subject to eligibility requirements. The Company has filed an Offering Statement on Form 1-A with the Securities and Exchange Commission (SEC) relating to the proposed IPO of its common stock under the recently amended provisions of Regulation A+ pursuant to the Jumpstart Our Business Startups (JOBS) Act of 2012. iPic has applied to list its common stock on Nasdaq under the ticker symbol "IPIC."
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the Lead Managing Selling Agent; Roth Capital Partners, LLC will act as the Institutional Placement Book-Running Agent; and Telsey Advisory Group LLC ("TAG") will act as Co-Manager for the offering.
The Company is offering 2,165,000 shares at $18.50 per share. The Company seeks to raise approximately $40 million in its IPO under Regulation A+, and intends to use the proceeds from the offering for general corporate purposes, including opening new iPic® locations and renovating existing iPics.
Individuals interested in learning more about the iPic® Entertainment investment opportunity can register an indication of interest by visiting www.ipictheaters.com/#/invest/.
"This is an exciting milestone for iPic and we are honored to have applied to list on the Nasdaq Stock Market, as we take the next step in becoming a publicly-traded company," said Hamid Hashemi CEO and Founder. "iPic delivers a world-class hospitality experience, and this listing will provide great visibility for the Company amongst potential stockholders and will allow our 1.8 million members, loyal guests, as well as the general public, to be able to play a direct role in our continued growth."
About iPic® Entertainment
Established in 2006 and headquartered in Boca Raton, FL, iPic® Entertainment is America's premier luxury restaurant-and-theater brand. A pioneer of the dine-in theater concept, iPic® Entertainment's mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and bar/restaurants. iPic® Theaters currently operates 16 locations with 121 screens in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin and new locations planned for California, Connecticut, Philadelphia, and New York. For more information, visit www.ipic.com.
