MoneyOnMobile Announces Results of Rights Offering Subscription Period; $7.4 Million in Subscriptions Received

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Apr 12, 2019
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DALLAS, TX and MUMBAI, INDIA / ACCESSWIRE / July 2, 2018 / MoneyOnMobile, Inc. (OTCQB: MOMT) announces that its subscription agent and escrow agent for the rights offering has received gross proceeds and subscriptions of $7,417,818 into escrow from 218 investors. Upon closing of the rights offering, the Company will issue to these investors 1,236,303 shares of its common stock. The closing of the rights offering is subject to its Common stock successfully listing on the Nasdaq Capital Market.