Fearless Films Announces $10 Million Public Offering Under Regulation A+

Rhea-AI Summary

Fearless Films, Inc. (OTC PINK:FERL) has announced a $10 million Regulation A+, Tier 2 public offering to expand its library of film scripts and reintroduce completed films into the market. The SEC qualified the offering on January 7, 2022. CEO Victor Altomare notes significant progress in film development over the past 36 months. The funds will be allocated for film development, marketing, and corporate purposes. Investors can find more details on the SEC's website.

Positive

• Launch of a $10 million Regulation A+ public offering to finance film development.
• Significant progress in developing the film script library noted by management.
• Funds will support film development, marketing, and corporate needs.

Negative

• Risk of dilution for existing shareholders due to new equity offering.
• Potential market volatility and uncertainties surrounding audience acceptance of new films.

TORONTO, ON / ACCESSWIRE / March 8, 2022 / Fearless Films, Inc. ("Fearless" or the "Company") (OTC PINK:FERL) a development stage company focused on developing and acquiring distinctive film properties of high quality, announced the launch of a Regulation A+, Tier 2 equity financing of up to $10 million (the "Public Offering"). Investors may review the offering circular and other filings on the Securities and Exchange Commission's ("SEC") website.

"Over the past 36 months, we have endeavored to put Fearless into position to develop its library of film scripts and have made significant progress towards that goal," said Fearless CEO Victor Altomare. "This offering is the culmination of an effort to maintain disclosure of current information, publish audited financials and now begin the process of expanding our library of films. The additional capital will enable Fearless' plans to develop both the existing library of film scripts, including Young Gangsters of America, and reintroduce our library of completed films back into the market."

The Regulation A+ offering was qualified by the SEC on January 7, 2022. The Company expects to use the funding primarily for film development, marketing, research and development, and general corporate purposes.

About Fearless Films, Inc.

Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.

The Company trades on the OTC Pink tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/

Visit us at: http://fearless.film

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of film development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to audience acceptance of our entertainment products, our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of our business development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Contact

Investor Relations
888 928-0184
info@fearless.film

SOURCE: Fearless Films, Inc.

View source version on accesswire.com:
https://www.accesswire.com/691992/Fearless-Films-Announces-10-Million-Public-Offering-Under-Regulation-A

FAQ

What is the purpose of Fearless Films' $10 million public offering?

The public offering aims to expand Fearless Films' library of film scripts and reintroduce completed films into the market.

When was the Regulation A+ offering qualified by the SEC?

The Regulation A+ offering was qualified by the SEC on January 7, 2022.

How will the funds from the public offering be used?

The funds will primarily be used for film development, marketing, research and development, and general corporate purposes.

What risks are associated with the public offering for investors?

Investment risks include potential dilution of existing shares and market volatility related to audience acceptance of new film products.

Where can investors find more information about Fearless Films?

Investors can find more information and stock price quotes on the OTC Markets website.