Lucosky Brookman Represents The Benchmark Company in DatChat's $5.1 Million Offering
DatChat, Inc. (NASDAQ: DATS), a secure messaging, social media, and metaverse company, has successfully closed a $5.1 million registered direct offering. The transaction, priced at-the-market under Nasdaq rules, consisted of 1,200,000 shares of common stock at $4.25 per share.
The offering demonstrates continued investor confidence in the secure messaging and metaverse sectors, with proceeds supporting DatChat's innovative platform that provides users with enhanced control over their digital communications, including message duration and screenshot prevention capabilities.
The capital raised will advance DatChat's strategic initiatives, including:
- Working capital requirements
- General corporate expenses
- Enhancement of secure messaging technology
- Development of metaverse applications
The offering was conducted pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC. The securities were offered through a prospectus supplement and accompanying prospectus that have been filed with the SEC.
Lucosky Brookman LLP served as counsel to The Benchmark Company, LLC, which acted as the sole placement agent for the offering.