Ominto, Inc. (OTCMKTS:OMNT) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
On June 22, 2018, Ominto, Inc., a Nevada corporation (the “Company”), effected a private placement of 1,305,000 shares of common Stock, par value 0.001, at a price of $0.37 per share, for aggregate proceeds to the Company of $482,850 (the “Offering”). Michael Hansen, the Chief Executive Officer and the Chairman of the Board of the Company and Samer Choucair, a director of the Company, purchased 1,000,000 and 305,000 shares of common stock, respectively, in the Offering. The Offering was completed to Regulation S of the Securities Act of 1933, as amended.
About Ominto, Inc. (OTCMKTS:OMNT)
Ominto, Inc. (Ominto), formerly DubLi, Inc., is engaged in online cash back shopping. The Company’s shopping portal serves customers in approximately 100 countries. Using its consumer-adaptive e-commerce sites, shoppers are linked and can browse third party Websites with different categories of products, which Websites feature, including international and local brands, travel, coupons, discounts and vouchers. The Company offers its product and service lines in the E-Commerce and Memberships segment, which includes business license fees, membership subscription fees and commission income, and advertising and marketing programs. The Company has adapted its Cash Back platform to serve over 10 international markets in approximately 10 languages and currencies. Its Websites feature various regional and international brands, including Amazon.com, Zalando, Groupon and Expedia. Its e-commerce platform allows consumers to shop at online stores and earn cash back with each purchase.