ARHT Media Announces Closing of Second Tranche
Summary
The net proceeds from the Second Tranche will be used for general working capital purposes and to acquire equipment related to the Company’s business.The securities issued pursuant to the Second Tranche will be subject to a four month and one day statutory hold period expiring on June 2, 2018.Each Finder Warrant will entitle the holder thereof to purchase one ARHT share at a price of $0.60 for a period of 24 months from the date of the closing of the Second Tranche.ARHT’s patented Augmented Reality Holographic Telepresence technology is the world’s first complete end-to-end solution for the creation, transmission, and delivery of lifelike digital human holograms, known as HumaGrams™.There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.