Moxian, Inc. (NASDAQ: MOXC), on March 17, 2017, filed a form S-3 with the SEC (http://nnw.fm/wgv8G), using a ‘shelf’ registration process, for its securities, with an aggregate initial offering price of up to $50 million. These future offerings could be made from time to time, in one or more offerings. Moxian is in the O2O business in China, providing an online platform for small- and medium-sized enterprises (SMEs) with brick-and-mortar stores to compete online, interact with existing customers, and obtain new customers. At the same time, it offers an app to consumer users.
Moxian is a high technology firm which is transitioning away from non-paid beta platforms to paid Moxian+ for its 31,600 SME clients. It will offer them a comprehensive suite of paid online services. The company will also offer its 300,000+ consumer base the Moxian+ User app. Moxian’s revenue streams come from premium subscription services, 3-5% payments on transactions through its platform, mobile advertising and distribution license fees. The company is based in Shenzhen, China, and it is expanding into…
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