Good Hemp Announces Filing of Registration Statement for Proposed Public Offering

Rhea-AI Summary

Good Hemp, Inc. (OTC PINK: GHMP) has filed a registration statement on Form S-1 with the SEC for a proposed offering of 10 million shares of common stock priced between $1.50 and $2.00 per share. The offering aims to raise capital and will proceed only through a prospectus. The registration statement is not yet effective, and offers to buy cannot be accepted until it becomes effective. This announcement does not represent an offer to sell securities in any jurisdiction where it would be unlawful.

Positive

• Proposed offering of 10 million shares may provide necessary capital for growth.
• Share price range of $1.50 to $2.00 indicates potential investor interest.

Negative

• Filing does not guarantee capital raise success.
• Potential dilution of existing shareholders' equity due to new shares.

CORNELIUS, NC / ACCESSWIRE / September 24, 2020 / Good Hemp, Inc. (OTC PINK:GHMP), announces it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed offering of 10,000,000 shares of common stock in a price range between $1.50 and $2.00 per share.

The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from the following:

Good Hemp, Inc.
Attn: William R. Alessi, Jr.
20311 Chartwell Center Drive
UNIT 1469
Cornelius, NC 28031

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contact:

Good Hemp, Inc.
+1 (800) 947-9197
contact@goodhemplivin.com

SOURCE: Good Hemp, Inc.

View source version on accesswire.com:
https://www.accesswire.com/607449/Good-Hemp-Announces-Filing-of-Registration-Statement-for-Proposed-Public-Offering

FAQ

What is the purpose of Good Hemp's stock offering filed on September 24, 2020?

The purpose is to raise capital by offering 10 million shares of common stock.

What is the proposed price range for the Good Hemp stock offering?

The proposed price range is between $1.50 and $2.00 per share.

When will the Good Hemp stock offering be available for purchase?

The stock offering cannot be purchased until the registration statement becomes effective.

How many shares is Good Hemp planning to offer?

Good Hemp is planning to offer 10 million shares.

What is the potential impact of Good Hemp's stock offering on current shareholders?

The offering could lead to dilution of existing shareholders' equity.