BANQ® Announces Commencement of Horizon Globex $35 million VOX Security Token Offering (STO) Pursuant to Regulation D 506(c)
VOX brings widespread worldwide adoption of cryptocurrency as a means of payment
NEW YORK, NY, Sept. 06, 2018 BANQ®, a leading electronic broker-dealer and division of TriPoint Global Equities, LLC, announced today a $35,000,000 Regulation D, Rule 506(c) Security Token Offering (“STO”) for Horizon Globex GmbH of Switzerland ("Globex" or the “Company”). Globex is offering VOX tokens to power Talketh1, its global low-cost communications technology and blockchain enabled crypto-payments service.
Worldwide Crypto Payments: Talketh is a smartphone communications app with its own Ethereum cryptocurrency wallet and payment service. The World Bank estimates1 that 1.7 billion adults remain unbanked, yet two-thirds of them own a mobile phone. Talketh bridges this gap with its cryptocurrency scratch-card that Globex intends to distribute in emerging markets. The scratch-cards are intended to be paid for in local fiat currency and then redeemed for Internet call-credit, without the need for a bank account. Low cost Internet calls used to be only for those with bank accounts, not anymore! This is the blockchain disrupting yet another industry.
Calls for All: The Talketh app is powered by Globex's patented ultra-low bandwidth voice software. The GSMA estimates2 that there are 3.3 billion mobile Internet users with just 29% having access to high-speed broadband. Globex's optimized app needs 9x less Internet speed than Skype3 and was designed to work for all mobile Internet users, especially for those 2.3 billion people connected to a slower 2G and 3G mobile Internet service typically found in emerging markets.
Leveraging Globex's 8+ years' experience delivering mobile communications and driven by its powerful management team, Globex is breaking-down technology barriers and delivering a blockchain-enabled communications service that can be used from New York to Nairobi. Talketh users can call each other for free or they can choose to seamlessly pay a small amount on the blockchain to digitally call a local landline, a cell phone or even call loved-ones overseas; at prices well below their local cellular operators.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the lead managing selling agent for US Investors in the offering.
The Company seeks to raise up to $35 million to fuel Talketh expansion, marketing and operations by issuing the VOX Security Token Offering ("STO"). The VOX token is issued in accordance with the Ethereum ERC-20 standard and, in the United States, pursuant to the exemption from registration under the Securities Act provided by Regulation D, Rule 506(c). The STO will be offered and sold to accredited investors only. In addition, VOX is designated as a Utility token pursuant to the Swiss Financial Market Supervisory Authority token offering guidelines published on February 16th, 2018.
BANQ® made history in 2017 when it completed the first Reg A+ to list on a National Securities Exchange (which listed on the New York Stock Exchange). The BANQ® team hopes to continue making history by combining its deep experience in the equity capital markets with its tech-focused platform to become the global leader in fully-compliant STOs. Utilizing BANQ®s proprietary technology that converts USD$ to Ethereum, STO participants can purchase VOX tokens using US Dollar funds. To learn more about the offering and participate visit www.banq.co/listings/vox.
About TriPoint and BANQ®
TriPoint Global Equities, LLC ("TriPoint "), a FINRA member firm, is a boutique investment bank. TriPoint focuses on providing U.S. and non-U.S. companies of up to $500 million in revenue with capital raising, corporate finance advisory services and assistance with navigating the regulatory environment for companies listing on U.S. markets. TriPoint Global maintains specialized practices in Reg A+ IPO's, institutional private placements, mergers and acquisitions, and corporate finance. BANQ®, the online division of TriPoint, www.banq.co , is an electronic investment banking platform that takes the entire public and private offering process digital and online, providing access to U.S. opportunities and offerings in the U.S. markets. BANQ® widely markets its offerings utilizing the new general solicitation and advertising rules promulgated by the U.S. Securities & Exchange Commission, in response to the passage of the JOBS Act of 2012 including Reg A+ and Reg D. TriPoint has offices in New York City, Akron, OH, and Washington, D.C. For more information, please visit http://www.tripointglobalequities.com
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Horizon Globex GmbH is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506 of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon carefully before investing. The Offering Documents relating to each offering of security tokens by Horizon Globex GmbH will contain this and other information about VOX tokens and Horizon Globex GmbH and should be read carefully before investing. Copies of the Offering Documents relating to each offering of VOX tokens may be obtained, when available, by accessing BANQ®'s website at www.banq.co/listings/vox. VOX tokens are being offered and sold in reliance on the exemption from registration set forth in Section 506(c) under the Securities Act of 1933, as amended, or the "Securities Act". In accordance therewith, you should be aware that (i) the security tokens may be sold only to “accredited investors,” which for natural persons are investors who meet certain minimum annual income or net worth thresholds; (ii) the security tokens will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the Securities and Exchange Commission will not pass upon the merits of or give its approval to the security tokens, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the security tokens will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their security tokens; investing in security tokens involves risk, and investors should be able to bear the loss of their investment. The summary may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable, but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the anticipated results. This summary is not an offer to sell, or the solicitation of an offer to purchase, VOX tokens in any jurisdiction where such offer or sale would be prohibited. The security tokens offered hereby are highly speculative and involve a high degree of risk. If the Company does not receive maximum for this offering of VOX Tokens, they will likely be unable to fully carry out its plan to significantly expand its Talketh Application. In addition, once funded, the Company will need to time to expand the distribution of its blockchain credit top-up mechanism where it distributes its cryptocurrency scratch cards to smartphone users throughout the world. As such, the VOX tokens offered hereby are highly speculative and involve a high degree of risk. Investors should only purchase these security tokens if they can afford to lose their entire investment.