SAN FRANCISCO, Feb. 16, 2017 /CNW/ -- Frankly Inc. (TSX VENTURE: TLK) (Frankly), a leader in transforming local TV broadcast and media companies by enabling them to publish and monetize their digital content across multiple platforms, is providing an update on the status of its S-1 Registration Statement (Registration Statement) filed with the United States Securities Exchange Commission (SEC) relating to the proposed public offering of its common shares in the United States.
Frankly originally filed the Registration Statement with the SEC on November 14, 2016.
Frankly submitted its second amendment to the S-1 on February 1, 2017 and is currently awaiting a response from the SEC whether they have any additional comments. In addition to addressing any new comments the SEC may have, Frankly will update the S-1 with complete audited financial statements for the fiscal year ended December 31, 2016 once the audit is completed. The audit is expected to be completed in the next 30 days.
Frankly management plans to keep investors updated on the status of its proposed offering and NASDAQ listing timeline as more details develop.
Separately, Frankly has extended the employment agreement of its Chief Executive Officer, Steve Chung. The term of Chung's employment agreement, which expired on February 1, 2017, has been extended on an at-will basis, and will remain in effect until terminated by either party upon 30 days prior written notice.
This press release 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Frankly (TSX VENTURE: TLK) builds an integrated software platform for media companies to create, distribute, analyze and monetize their content across all of their digital properties on web, mobile and TV. Its customers include NBC, ABC, CBS and FOX affiliates, as well as other leading media organizations. Collectively, Frankly reaches nearly 60 million monthly users in the United States. The company is headquartered in San Francisco with major offices in New York. To learn more, visit www.franklyinc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This release includes forward-looking statements regarding Frankly and their respective businesses. Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties, including the timing of the completion of the audit for the financial statements for the fiscal year ended December 31, 2016. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Frankly Inc.
For further information: Company Contact, Steve Chung, Chairman and CEO, [email protected]; Frankly Investor Relations Contact: Matt Glover or Najim Mostamand, Liolios Group, Inc., 949-574-3860, [email protected], http://www.franklyinc.com