NaturalShrimp, Inc Announces Filing of Shelf Registration Statement for the Sale of Up to $100 Million of its Securities

Rhea-AI Summary

NaturalShrimp, Inc. (OTCQB:SHMP) has filed a primary shelf registration statement on Form S-3, aiming to sell up to $100 million in securities. The completion of any offerings is contingent upon SEC approval, market conditions, and other factors. If approved, securities will be sold through a written prospectus. The company emphasizes that this press release does not constitute an offer to sell or solicit offers to buy securities.

Additionally, the release includes forward-looking statements about the company’s growth strategy, noting potential risks and uncertainties affecting future results.

Positive

• None.

Negative

• The offering is dependent on SEC approval and market conditions, introducing uncertainty for investors.
• The forward-looking statements carry inherent risks and may not guarantee future performance.

Dallas, TX, March 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire--NaturalShrimp, Inc. (OTCQB:SHMP), an aquaculture company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has filed a primary shelf registration statement on Form S-3 to sell up to $100 million of its securities. Any potential offerings are subject to the Form S-3 being declared effective by the Securities and Exchange Commission (the “SEC”), market and other conditions, and there can be no assurance as to whether or when any offerings may be completed, or as to the actual size or terms of the offerings. If one or more offerings are completed, all of the securities in the offerings will be sold by NaturalShrimp, Inc.

If the SEC declares the Form S-3 effective then securities may be offered only by means of a written prospectus, including a prospectus supplement, forming a part of the effective registration statement. An electronic prospectus supplement and the accompanying prospectus relating to any offerings will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

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

Forward Looking Statements

This press release contains "forward-looking statements." The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control, and could cause the Company's results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company's Annual Report on Form 10-K filed on June 26, 2020, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:
Richard Brown
(508).462.9638

SOURCE: Natural Shrimp

FAQ

What recent filing did NaturalShrimp (SHMP) make?

NaturalShrimp, Inc. filed a primary shelf registration statement on Form S-3 to sell up to $100 million in securities.

What does the shelf registration statement mean for SHMP investors?

It allows NaturalShrimp to offer securities subject to SEC approval and market conditions, which may impact investment decisions.

What are the risks associated with the recent announcement by NaturalShrimp (SHMP)?

The risks include reliance on SEC approval for the shelf registration and uncertainties in future performance as highlighted in forward-looking statements.

How much money does NaturalShrimp (SHMP) aim to raise through the shelf registration?

NaturalShrimp aims to raise up to $100 million through the shelf registration.

Will the securities offered by NaturalShrimp (SHMP) be available immediately?

No, the offerings are subject to SEC approval and may not be available until conditions are met.