Crown Equity Holdings, Inc. Announces Filing of Form S-3 Shelf Registration Statement

Rhea-AI Summary

Crown Equity Holdings, Inc. (OTC PINK:CRWE) has filed a universal shelf registration statement on Form S-3 with the SEC. This statement allows for the registration of up to $50 million in shares of the company's common and preferred stock. The offering terms will be determined at the time of sale and will require SEC effectiveness. Until then, no securities can be sold. This move aims to enhance the company's growth potential as it develops its digital properties and seeks to facilitate new business opportunities.

Positive

• Filing of a universal shelf registration statement allows for flexibility in raising capital up to $50 million.
• Potential to enhance growth and business development through new offerings.

Negative

• The timing of the effectiveness of the registration statement is uncertain, which may delay capital raising efforts.

LAS VEGAS, NV / ACCESSWIRE / September 7, 2022 / Crown Equity Holdings, Inc. (OTC PINK:CRWE) (the "Company") announced today that it has filed a "universal shelf" registration statement on Form S-3 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") for the registration of shares of the Company's common and preferred stock (collectively, the "Securities").

When the Registration Statement is declared effective by the SEC, up to an aggregate of $50 million of Securities may be offered, separately or together, from time to time and in one or more offerings. The terms of any such offering, including the specific terms and prices of the Securities, will be determined at the time of such offering, and be made solely by means of the prospectus included in the Registration Statement and any prospectus supplement that may be filed with the SEC relating to such offering.

The Registration Statement has been filed with the SEC but has not yet become effective. The Securities may not be sold, nor may offers to buy the Securities be accepted, prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.

About Crown Equity Holdings, Inc.
Crown Equity Holdings, Inc. is a vertically integrated, global media company which provides powerful solutions to enhance worldwide visibility and universal relevance, enabling companies to achieve accelerated growth and rapid results that spans all the stages of a company's life cycles. Additionally, Crown Equity Holdings, Inc. is developing its CRWE WORLD (www.crweworld.com) and related digital properties into a global online community which will launch, manage, and own select businesses and projects. For more information regarding Crown Equity Holdings, Inc., please visit http://www.crownequityholdings.com.

Forward-Looking Statement
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. These factors include but are not limited to those described under "Risk Factors" in Crown Equity Holdings' registration statement referred to above. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. Crown Equity Holdings undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

CONTACT
Mike Zaman, President/CEO
702-683-8946
info@crownequityholdings.com

SOURCE: Crown Equity Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/714916/Crown-Equity-Holdings-Inc-Announces-Filing-of-Form-S-3-Shelf-Registration-Statement

FAQ

What is the significance of Crown Equity Holdings filing Form S-3?

The filing of Form S-3 allows Crown Equity Holdings to register up to $50 million in shares, providing the company with flexibility to raise capital as needed.

How much capital can Crown Equity Holdings raise through the new registration statement?

Crown Equity Holdings can raise up to $50 million through the universal shelf registration statement filed with the SEC.

When will Crown Equity Holdings be able to offer the registered securities?

Crown Equity Holdings can offer the registered securities once the registration statement becomes effective with the SEC.

What types of securities are included in the Form S-3 filing by Crown Equity Holdings?

The Form S-3 filing includes both common and preferred stock of Crown Equity Holdings.

How does the new filing affect investors of Crown Equity Holdings?

The filing may provide Crown Equity Holdings with the ability to raise capital, potentially impacting the company's growth and stock performance positively.