Giggles N’ Hugs, Inc. (OTCQB: GIGL) (the “Company”), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, announced today that the subscription period for its rights offering is scheduled to expire on Monday, April 2, 2018 at 5:00 PM ET (unless extended). Right holders should contact their broker or financial advisor regarding the processing of their subscriptions prior to expiration of the rights offering.
Thursday, March 1, 2018 Subscription Period Began
Monday, April 2, 2018 Subscription Period ends at 5:00 PM Eastern Time
Shareholders of record received two non-transferable subscription rights for every one share of common stock owned on the Record Date and may participate in the rights offering. Each subscription right entitles the holder to purchase one unit for $0.03 per basic subscription right and additional units via the over-subscription privilege. Each unit consists of one share of GIGL common stock and 0.70 of a five-year warrant from the time of issuance. Each whole warrant will be exercisable for one share of GIGL common stock for $0.06 per Warrant. Holders who fully exercise their basic subscription right will be entitled to purchase additional units via the over-subscription privilege (should any of the offering remain unsubscribed at the expiration of the Subscription Period).
The rights offering is being offered pursuant to the Company’s effective registration statement on Form S-1 as amended (Reg. No. 333-220302) on file with the U.S. Securities and Exchange Commission (the “SEC”). The offering can be made only by a final prospectus. Investors should consider investment objectives, risks, charges, and expenses carefully before investing. The prospectus included in the registration statement contains this and additional information about the Company and the rights offering, and rights holders should carefully read the prospectus before exercising their rights and investing. The prospectus may be found by clicking on the following link:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001381435&owner=exclude&count=40&hidefilings=0
Please direct your request for copies of the prospectus to Mackenzie Partners at
(800) 322-2885 or rightsoffer@mackenziepartners.com.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.