SHERIDAN, WY / ACCESSWIRE / December 2, 2022 / Metro One Telecommunications, Inc. (OTC PINK:WOWI) ("Metro One" or the "Company") (December 1,2022) announced that the Securities and Exchange Commission ("SEC") declared effective today its Registration Statement filed on Form S-1. As a result, it is the Company's intention to resume filing Form 10-Ks, Form 10-Qs and Form 8-Ks with the SEC. Although there can be no assurance, the Company believes the increased transparency resulting from public filings should facilitate broader access to capital markets to enable the Company to execute on its strategic plans.
Under the Registration Statement, the Company is seeking to raise up to $12,600,000 on a best efforts basis through the sale of common stock and warrants. The Registration Statement also relates to the sale of common stock and warrants by selling stockholders. Proceeds received by the Company from the offering will be used to fund business operations, including the development and sale of the products of the Company's subsidiary Stratford Ltd., and for working capital and general corporate purposes. There can be no assurance as to the amount of common stock or warrants that will be sold in the offering.
This press release does not constitute an offer of any securities for sale. Any offer of any securities covered by the Registration Statement will only be made pursuant to the Prospectus contained in the Registration Statement.
About Metro One Telecommunications, Inc. (OTC Markets:WOWI)
Metro One is the parent company of Israel-based Stratford Ltd., which operates Shelfy (www.shelfy.io), a next-gen, instant mobile commerce platform enhanced with a proprietary digital advertising media suite tool. The platform enables online retailers to rapidly leverage existing customer data for an interactive shopping experience - without coding. Shelfy empowers businesses to grow their customer retention, engagement, and their revenues, with minimum hassle.
30 North Gould Street
Sheridan, WY 82801
SOURCE: Metro One Telecommunications, Inc.
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