NEW YORK, June 19, 2018 (GLOBE NEWSWIRE) — Prometheum, Inc., announced today that it has entered into a strategic partnership with registered broker-dealer Manorhaven Capital LLC, to accelerate its plan to offer the only comprehensive route to fully regulatory compliant U.S. Initial Coin Offerings (ICO). The strategic partnership will allow Prometheum to fully implement Reg A+ distributions for issuers.
Prometheum also filed with the SEC for registration as an Alternative Trading System (ATS), a second core pillar of its strategy. Once approved, Prometheum’s ATS will enable the company to facilitate secondary trading of cryptographic securities.
“Entering into a strategic partnership with a registered broker-dealer and forming our own ATS are core elements of creating a legal ICO trading platform,” said Aaron Kaplan, Co-founder and COO of Prometheum. “We’re excited to work with the Manorhaven Capital team to help clients conduct their own legal ICOs.”
“Manorhaven Capital is thrilled to be partnering with the best-in-class team at Prometheum to offer a fully regulatory compliant platform for ICOs and secondary trading,” said Zachary Marans, President and CEO of Manorhaven Capital.
In May 2018, Prometheum filed a Reg A+ Offering Statement for its own ICO, in which it seeks to raise $50M by selling warrants for its Ember tokens. Prometheum anticipates being the first U.S. issuer to sell ICO warrants/tokens under Reg A+, qualified for public trading, fully compliant with the Federal Securities Laws. That means, unlike all other tokens issued to date, Prometheum warrants for Ember tokens will, when qualified by the SEC, be available to all investors (both accredited and non-accredited) and will be legally tradable in the secondary securities market in the United States.
Prometheum, founded by a group of seasoned Wall Street securities attorneys, has developed a platform that, when authorized by the SEC, will enable SEC-qualified free trading of ICO tokens to any type of investor. Its warrants/Ember tokens and smart contract-enabled blockchain form the underpinning for a comprehensive route to a soup-to-nuts securities ecosystem, from issuance to trading through clearing and settling.
Access Prometheum’s offering documents at the SEC web site at https://www.sec.gov/cgi-bin/browse-edgar?company=Prometheum&owner=exclude&action=getcompany. Learn more about Prometheum at www.prometheum.info.
Prometheum, Inc. proposes the only comprehensive route to a legal Initial Coin Offering (ICO). Founded by a group of seasoned Wall Street securities attorneys, Prometheum is the first company to propose an SEC-qualified free trading ecosystem for Initial Coin Offering (ICO) of securitized tokens to any type of investor. Its proposed warrants/Ember tokens and smart contract-enabled blockchain form the underpinning for a comprehensive route to a soup-to-nuts securities ecosystem, from issuance to trading through clearing and settling. Prometheum anticipates hosting its first ICOs for issuers in early 2019. Learn more at www.prometheum.info.
About Manorhaven Capital LLC
Manorhaven Capital LLC is a recognized investment banking, financial advisory and securities firm whose senior professionals have substantial experience advising companies and conducting offerings in, among other industries, the financial services industry. Manorhaven, as part of its investment banking, financial advisory and capital markets businesses, is active in financial advisory and capital formation for both the private and public capital markets.
Prometheum, Inc. Disclaimer
No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.
The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.
You may obtain a copy of the Preliminary Offering Circular and the offering statement in which such Preliminary Offering Circular was filed with the SEC by visiting: https://www.sec.gov/cgi-bin/browse-edgar?company=Prometheum&owner=exclude&action=getcompany
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