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GreenBox POS (NASDAQ:GBOX) announced the closing of a public offering of 4,772,500 shares at $10.50 each, raising $50,111,250 before fees. The underwriter's over-allotment option was fully exercised, adding 622,500 shares. Trading commenced on February 17, 2021, on the Nasdaq Capital Market. Kingswood Capital Markets served as the sole bookrunning manager. The offering's registration was declared effective by the SEC on February 12, 2021. Proceeds are intended to support the company's growth in the financial technology sector.
GreenBox POS (GBOX, GRBX) announced a public offering of 4,150,000 shares at $10.50 per share, raising approximately $43.57 million before expenses. Additionally, underwriters have a 45-day option for 622,500 more shares. The offering is set to close on February 19, 2021, pending customary conditions. GreenBox has gained approval to list its common stock on the Nasdaq Capital Market, with trading commencing on February 17, 2021. Kingswood Capital Markets is the sole bookrunning manager for this offering.
GreenBox POS (OTCQB: GRBX) has joined Visa's Fintech Fast Track program, enhancing its payment solutions through the integration with VisaNet. This partnership allows GreenBox to issue co-branded Visa cards and enable direct push-to-card payments, improving transaction efficiency and security. The proprietary blockchain technology of GreenBox supports rapid transaction settlements and fraud protection. CEO Fredi Nisan highlighted that the partnership aims to advance cashless and secure payment solutions globally.
GreenBox POS (OTCQB: GRBX) will participate in the Microcap Rodeo Winter Wonderland Conference from February 16-19, 2021. The company's Chairman and Executive Vice President, Ben Errez, will host a virtual presentation on February 17, 2021, at 3:30 p.m. Eastern time. GreenBox utilizes blockchain technology to offer customized payment solutions aimed at reducing fraud and improving processing efficiency for merchants. A live audio webcast of the presentation will be available for access.
GreenBox POS (OTCQB: GRBX) announced the integration of Secure Token Technology into its Gen3 software, catering to existing users and early adopters. This move aligns with recent regulatory shifts favoring blockchain in payments. The company aims to enhance its offerings in stablecoin payments, responding to increasing market demand. CEO Fredi Nisan highlighted the potential for significant new revenue streams through this technology. GreenBox is positioned as a leader in digital currency transactions, aiming to comply with evolving regulations while meeting consumer needs.
GreenBox POS (OTCQB: GRBX) has announced its financial guidance for fiscal 2021, expecting revenues of at least $45 million and net income of at least $18 million. The company anticipates accelerating growth due to new client onboardings stemming from recent technology upgrades. Management highlighted a projected gross processing volume of at least $600 million with a 3% net margin for the year. A corporate update call is scheduled for February 3, 2021, at 4:30 p.m. EST to discuss these developments.
GreenBox POS (OTCQB:GRBX) will present at the Virtual Fall Investor Summit from November 16-18, 2020. Ben Errez, the Chairman and Executive Vice President, will lead a virtual presentation on November 16 at 3:00 p.m. Eastern time. The summit aims to showcase emerging financial technology innovations, with GreenBox leveraging proprietary blockchain for customized payment solutions. A live audio webcast and archived presentation will be available at this link.
GreenBox POS (OTCQB:GRBX) has successfully closed a $3.85 million private placement of convertible notes and warrants. The conversion and exercise price are set at $0.33 per share. The funds will be utilized to settle existing debts, fast-track the release of its 3rd generation technology, Gen3, and enhance working capital. Kingswood Capital Markets acted as the exclusive placement agent. The transaction is exempt from the registration requirements of the Securities Act, with plans for future registration with the SEC.
GreenBox POS (OTCQB:GRBX), a financial technology company, will participate in three virtual conferences in September 2020: the Colliers Institutional Investor Conference and Smash Financial Forum on September 10, as well as the Proactive One2One Virtual Investor Forum on September 23. Ben Errez, Executive Vice President, will host a virtual presentation at the Proactive forum and engage in one-on-one meetings at all events. GreenBox leverages blockchain technology to enhance payment solutions and reduce fraud in commercial processing. For more details, visit greenboxpos.com.
GreenBox POS (OTCQB:GRBX) announced its participation in the LD 500 virtual investor conference from September 1-4, 2020. Ben Errez, Executive Vice President and Chairman, will present on September 3, 2020, at 1:00 p.m. Eastern time. The presentation will be available via a live audio webcast. GreenBox POS specializes in leveraging blockchain technology to offer customized payment solutions, enhancing efficiency and security for global merchants. For more details, visit www.greenboxpos.com.
