CloudCommerce’s $10.0 Million Shares Offering

Sichenzia Ross Ference represented CloudCommerce in the transaction.

CloudCommerce, Inc. (OTC: CLWD) completed the direct offering of 142,857,143 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase 142,857,143 shares of common stock. The purchase price for one share of common stock (or common stock equivalent) and one warrant to purchase one share of common stock was $0.07. The gross proceeds from the offering were approximately $10,000,000. 

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. 

CloudCommerce, Inc., is a company based in the United States which provides digital marketing and analytics solutions. 

Sichenzia Ross Ference represented CloudCommerce with a team led by Partners Gregory Sichenzia (Picture), Jeffrey Cahlon and Huan Lou.

Involved fees earner: Jeffrey Cahlon – Sichenzia Ross Ference LLP; Huan Lou – Sichenzia Ross Ference LLP; Gregory Sichenzia – Sichenzia Ross Ference LLP;

Law Firms: Sichenzia Ross Ference LLP;

Clients: CloudCommerce;

Author: Martina Bellini