FREMONT, CA, Aug. 15, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – American BriVision (Holding) Corporation (OTCQB: ABVC) (the “Company”), a analytic date biopharmaceutical aggregation developing ameliorative solutions in oncology/hematology, CNS, and ophthalmology, today appear that the Balance and Exchange Commission (“SEC”) has declared the Company’s allotment account on Form S-1 (File No. 333-228387) able as of August 7, 2019. Such acknowledgment does not betoken that the SEC has accustomed or opined on the claim of the offering. Analytic trials may be in aboriginal stages and there is no agreement that any specific aftereffect will be achieved.
The allotment account relates to the Aggregation affairs a minimum of 1,428,571 and a best of 3,285,714 shares of Series A Convertible Preferred Stock for an accumulated of $10,000,000 at the minimum and $23,000,000 at the maximum, afore underwriting commissions and bold a $7.00 alms amount per share. Boustead Securities, LLC has agreed to act as the advance advocate to action shares of Series A Convertible Preferred Stock to -to-be investors on a best efforts basis.
The SEC’s Notice of Effectiveness may be accessed through the SEC’s website at www.sec.gov or accessed anon via the afterward link:
This columnist absolution shall not aggregate an action to advertise or the address of an action to buy, nor shall there be any sales of these securities, in any accompaniment or administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such accompaniment or jurisdiction. Past achievement is not apocalyptic of approaching results. Investments in clandestine companies may be abstract and illiquid, and there may be a accident of accident of the absolute investment.
About American BriVision
American BriVision is a analytic date biopharmaceutical aggregation focused on utilizing its accountant technology to conduct proof-of-concept trials through Phase II of the analytic development action at world-famous analysis institutions (such as Stanford University, University of California at San Francisco, and Cedars-Sinai Medical Center) and again out-licensing the articles to all-embracing biologic companies for cardinal Phase III studies and, eventually, breeding all-around sales. The Aggregation has an alive activity of six drugs and one medical accessory (ABV-1701/Vitargus®) beneath development.
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an advance cyberbanking close that executes and advises on IPOs, mergers and acquisitions, basic raises and restructuring assignments in a advanced arrangement of industries, geographies and transactions, for a ample applicant base. Boustead’s amount amount hypothesis is the adeptness to actualize befalling through avant-garde solutions and adamant execution. With accomplished professionals in the United States, Boustead’s aggregation moves bound and provides a ample spectrum of adult banking admonition and services. Boustead is a majority endemic accessory of Boustead & Aggregation Limited, a adapted non-bank banking institution. For added information, amuse appointment www.boustead1828.com.
This columnist absolution contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or agnate words. Advanced statements are not guarantees of approaching performance, are based on assertive assumptions, and are accountable to assorted accepted and alien risks and uncertainties, abounding of which are above the Company’s control, and cannot be predicted or quantified. Consequently, absolute after-effects may alter materially from those bidding or adumbrated by such advanced statements. Such risks and uncertainties include, after limitation, risks and uncertainties associated with (i) our disability to accomplish our artefact candidates on a bartering calibration on our own, or in accord with third parties; (ii) difficulties in accepting costs on commercially reasonable terms; (iii) changes in the admeasurement and attributes of our competition; (iv) accident of one or added key admiral or scientists; and (v) difficulties in accepting authoritative approval to advance to the abutting akin of the analytic trials or bazaar our artefact candidates. Added abundant advice about the Aggregation and the accident factors that may affect the ability of advanced statements is set alternating in the Company’s filings with the Balance and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors are apprenticed to apprehend these abstracts chargeless of allegation on the SEC’s website at https://www.sec.gov. The Aggregation assumes no obligation to about amend or alter its advanced statements as a aftereffect of new information, approaching contest or otherwise.
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