SAN ANTONIO, November 23, 2021 (GLOBE NEWSWIRE) – Usio, Inc. (Nasdaq: USIO), a fintech integrated electronic payment solutions provider, today announced the closing of a private placement of 142,857 common shares, at a purchase price of $ 7.00, for net proceeds of $ 1 million. The shares were valued at a five-day weighted average market price on November 19.e as the closing date. Usio intends to use the proceeds of the placement for working capital.
Commenting on the close, Louis Hoch, CEO of Usio, said, âWe are delighted to have our strategic cryptocurrency partner, Voyager Digital, as a strategic investor in our business. As Usio generates positive cash flow and we believe we are in a strong cash position, we are delighted that Voyager is investing in our business as they help our business grow through their exclusive long term agreements for our customers. issuing and debit card services. , and by partnering with us to enable our merchants to accept cryptocurrencies as a means of payment.
Stephen Ehrlich, CEO of Voyager (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), said: âOur relationship with Usio has been a true partnership over the past three years. This will continue, as we just extended our exclusive debit card and ACH issuance agreements for three years. Usio has helped our business grow by allowing us to focus on our core competencies, while leaving the complexity of processing payments to Usio. For Voyager, investing in Usio is strategic and demonstrates our commitment to the ongoing partnership and our commitments to Usio’s growth plans. I am impressed with the quality of Usio’s business and the clarity of management’s vision for growth. We are delighted to provide capital to support this vision and to join the company as a long-term supporting shareholder. “
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification under the securities laws of such jurisdiction.
The issuance of ordinary shares was exempt from registration under the exemption provided in Section 4 (a) (2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D, in the extent that it was not a given that no general solicitation or advertising of any kind was used in connection with the show and that there was only one limited number of recipients or that the recipients were knowledgeable qualified investors who understand the risks of investing. Accordingly, the shares issued under the private placement have not been registered under the Securities Act of 1933, as amended, and until such registration, the securities may not be offered or sold in the United States without registration or availability of an applicable exemption. upon registration.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated payment solutions, offers a wide range of payment solutions to merchants, billers, banks, service desks, crypto exchanges and card issuers. The Company operates credit, debit / prepaid and ACH payment processing platforms to provide convenient, world-class payment solutions and services to its customers. The strength of the Company lies in its ability to provide tailor-made solutions for card issuance, payment acceptance and bill payments, as well as its unique technology in the prepaid industry. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas and Franklin, Tennessee, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on FacebookÂ® and Twitter.
About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency and profitability to the market. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile app and earn rewards of up to 12% per year on over 30 cryptocurrencies. Voyager, through its subsidiary Coinify ApS, provides crypto payment solutions to consumers and merchants around the world. To learn more about the company, please visit https://www.investvoyager.com.
DISCLAIMER ON FORWARD-LOOKING STATEMENTS
With the exception of historical information contained in this document, the matters discussed in this press release include forward-looking statements which are covered by safety regulations. These statements include, without limitation, all statements regarding the intentions, beliefs and expectations of management, such as statements regarding our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as âbelieveâ, âintendâ, âlook to the futureâ, âanticipateâ, âcontinueâ and âexpectâ among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company’s business that could cause actual results to vary, including risks related to an economic downturn resulting from the COVID-19 pandemic, the realization of opportunities arising from the acquisition of IMS, managing the growth of the Company, the loss of key resellers, relationships with the Automated Clearinghouse network, bank sponsors, third party card processing providers and merchants, security of our software, hardware and information, stock price volatility, the need for additional funding, the risks associated with new legislation and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in documents filed by the Company with the Securities and Exchange Commission, including is its annual report on Form 10-K for the fiscal year ended December 31, 2020. One or more of these factors has affected, and may in the future, affect the business and financial results of the Company in the future and could cause actual results to differ materially from plans and projections. The Company believes that the assumptions underlying the forward-looking statements included in this press release will prove to be correct. In light of the material uncertainties inherent in the forward-looking statements included in this document, the inclusion of this information should not be taken as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this press release are based on information currently available to management. The Company assumes no obligation to update forward-looking statements, except as required by law.
Joe Hassett, Investor Relations
Voyager Public Relations Team