MOXIAN, INC. (NASDAQ:MOXC) Files An 8-K Other Events
Item 8.01 Other Events.
On November 14, 2016, Moxian, Inc. (the Company) closed a best
efforts public offering of 2,501,250 shares of the Companys
common stock (the Common Stock), at a price of $4.00 per share.
The Company received net proceeds of approximately $8.5 million
from the offering, after deducting placement agent fees and
expenses, estimated offering expenses and funding an
indemnification escrow account. In connection with the offering,
the Companys common stock began trading on the NASDAQ Capital
Market beginning on November 15, 2016 under the symbol MOXC.
Axiom Capital Management Inc. and Cuttone Co., Inc. acted as
placement agents for the offering.
A copy of the press release announcing the completion of the
offering and the Nasdaq listing is filed herewith as Exhibit 99.1
to this Current Report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibits
| 99.1 | Press Release dated November 14, 2016 |
About MOXIAN, INC. (NASDAQ:MOXC)
Moxian, Inc., formerly Moxian China, Inc. is engaged in the online-to-offline (O2O) business. The Company provides an online platform for small and medium sized enterprises (SMEs) with physical stores to conduct business online, interact with existing customers and obtain new customers. The Company refers to its customers as Merchant Clients and the users of its mobile application and platform that are the Merchant Clients’ existing customers as Users. Its products and services are designed to allow Merchant Clients to conduct targeted advertising campaigns and promotions. The version of its platform is called Moxian+, which consists of its user mobile application, Moxian+ User App and a separate application for its Merchant Clients, the Moxian+ Business App. Both versions of the application are available in the Google Play Store and the Apple application Store. The Moxian+ User App provides access to a social media platform with a package of services.