NEW BRUNSWICK , N.J., Jan. 10, 2023 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or the "Company") (Nasdaq: DATS), a secure messaging, metaverse, and social media company, announced today that its Board of Directors has authorized a Stock Repurchase Plan under which the Company may repurchase up to $2,000,000 of the Company's outstanding common stock, par value $0.0001 per share. Additionally, the Board has approved EF Hutton to be engaged as the broker to implement the Repurchase Plan.
"We believe repurchasing our common stock is an attractive use of capital, given recent market prices," stated Darin Myman, Chief Executive Officer of the Company.
The shares may be repurchased from time to time in open market transactions, or other means in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 10b-18 of the Exchange Act. The timing, number of shares repurchased, and prices paid for the stock under this program will depend on general business and market conditions as well as corporate and regulatory limitations, including blackout period restrictions
About DatChat, Inc.
DatChat Inc. is a blockchain, cybersecurity, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. The DatChat Messenger & Private Social Network presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. DatChat's patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient's device, while feeling secure that at any time, they can delete individual messages or entire message threads, making it like the conversation never happened.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT: Press Contact: Anna Walsh Pace Public Relations 917-969-7081
新澤西州新不倫瑞克,2023年1月10日(環球網)--安全資訊、元宇宙和社交媒體公司DatChat,Inc.(以下簡稱“DatChat”或“公司”)(以下簡稱“DatChat”或“公司”)今天宣佈,其董事會已批准一項股票回購計劃,根據該計劃,公司可回購至多2,000,000美元的公司已發行普通股,每股票面價值0.0001美元。此外,董事會已批准EF Hutton受聘為執行回購計劃的經紀人。
該公司首席執行官達林·邁曼表示:“我們相信,考慮到最近的市場價格,回購我們的普通股是一種有吸引力的資本用途。”
股票可不時在公開市場交易中回購,或根據1934年修訂的《證券交易法》(下稱《交易法》)規則10b5-1和交易法規則10b-18以其他方式回購。根據這一計劃,股票回購的時間、數量和支付的價格將取決於一般的商業和市場狀況以及公司和監管限制,包括禁售期限制。
關於DatChat公司
DatChat Inc.是一家區塊鏈、網路安全和社交媒體公司,不僅專注於保護個人設備上的隱私,而且在與他人共享用戶資訊後保護用戶資訊。DatChat Messenger&Private Social Network提供了一項技術,允許用戶在發送消息之前或之後更改消息的查看時間,防止螢幕截圖,並將加密照片隱藏在相機膠捲上。DatChat的專利技術為用戶提供了傳統的簡訊體驗,同時為他們的消息提供了控制和安全。有了DatChat Messenger,用戶可以決定他們的消息在收件人的設備上持續多長時間,同時感到安全,因為他們可以隨時刪除單獨的消息或整個消息線程,讓對話就像從未發生過一樣。
前瞻性陳述
本新聞稿包含構成“前瞻性陳述”的陳述,包括與該公司首次公開募股有關的陳述。不能保證此次發行將按所述條款完成,或者根本不能保證。前瞻性陳述受許多條件的制約,其中許多條件不是本公司所能控制的,包括本公司向美國證券交易委員會提交的註冊說明書和初步招股說明書中的風險因素部分闡述的那些條件。副本可在美國證券交易委員會的網站www.sec.gov上找到。除法律要求外,本公司不承擔在本新聞稿發佈之日後更新這些聲明以進行修訂或更改的義務。
媒體聯繫人:安娜·沃爾什·佩斯公共關係部917-969-7081