Wednesday, June 25, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Artificial Intelligence

Legible Increases Size of $0.14 Unit Offering to $3.08 Million Along With Clarifications

October 24, 2024
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 8 mins read
5
SHARES
243
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) — Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) (“Legible or “the Company”), a leading platform and innovator in digital literature, announces an update on its previously announced offering (the “Offering”) of units (“Units”). The Company announced the Offering, pursuant to exemptions from applicable securities laws, for the sale of up to 15,000,000 Units at $0.14 per Unit for gross proceeds of $2,100,000. Each Unit consists of one common share (“Common Share(s)”) and one whole Common Share purchase warrant (“Warrant(s)”) with each Warrant entitling the holder to acquire 1 Common Share at a price of $0.14, at any time prior to 5:00 pm (Vancouver time) on the date that is two years from the closing date. If the volume weighted average trading price of the Common shares is at least $0.40 per Common Share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 14 days after the date that notice of such acceleration is provided to the Warrant holders by way of a press release.

The Company further announces that the size of the Offering has been increased to 22,000,000 Units at $0.14 per Unit for gross proceeds of up to $3,080,000.

A finder’s fee of up to 8% of the gross proceeds of the Offering may be paid in cash on all or any portion of the Offering. Additionally, finder’s warrants (“Finders Warrants”) may be issued in an amount up to 8% of the number of Units sold under the Offering. Each Finder’s Warrant may be exercised to acquire one Common Share at a price of $0.14 per share for a period of one (1) year from the closing. Provided that if, at any time, the volume weighted average trading price of the common shares on the CSE is at least $0.40 per share, for a period of 5 consecutive trading days, the expiry date of the Finder’s Warrants may be accelerated by the Company to a date that is not less than 14 days after the date that notice of such acceleration is provided to the Finder’s Warrant holders, which notice will be by way of a press release. No finder’s fees are payable with respect to the subscription agreements currently received for a total of 12,142,857 Units for a total of $1.7 Million. Closing may occur in tranches, with the first tranche expected to close on or about October 31, 2024.

As previously disclosed, Legible announces the conclusion of its engagement with Investor Cubed Inc. (“Investor Cubed”). Investor Cubed tendered its resignation and contract termination effective October 23, 2024. Legible extends its gratitude to Investor Cubed for their contributions and support during the engagement.

About Legible Inc.

Legible is a groundbreaking, mobile-centric global company specializing in eBooks and audiobook entertainment. Its extensive partnerships encompass four of the Big 5 Publishers, the world’s largest eBook distributor, and a wide range of outstanding and innovative publishers of all sizes, enabling Legible to seamlessly deliver millions of multilingual eBooks and audiobooks, transforming any smart device into a source of cutting-edge infotainment.

Legible recently released My Model Kitchen – Vol. 2: Vegetables – The Garden of Earthly Delights, the second in a series of 15 video-enriched Living Cookbooks by former supermodel, bestselling author, TV host and celebrity chef, Cristina Ferrare, with an AI Sous Chef for each recipe. The Living Cookbooks and Cristina Ferrare have been featured twice on the Drew Barrymore Show and in many other major US media outlets.

As first mover in the rapidly expanding automotive infotainment market, Legible has partnered with media providers Faurecia Aptoide, Harman Ignite, LiveOne, and Visteon. Legible has the only Android Automotive app with the capacity to deliver both audiobooks and eBooks to drivers and passengers in tens of millions of vehicles around the globe, positioning Legible at the forefront of the new world of in-car infotainment experiences.

A recent EdTech Breakthrough Award winner for eLearning Innovation of the Year, Legible is reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences. Please visit Legible.com and discover the place where eBooks come to life.

Press Contacts:

Legible Inc.
Ms. Deborah Harford
EVP, Global Strategic Partnerships
invest@legible.com
Website: https://invest.legible.com
Phone: (778) 776 – 5769

Legible Media Relations

Krupp Kommunications, Inc.
Ms. Kathy Giaconia
VP Media Relations
kgiaconia@kruppagency.com
1-213-324-5665
http://www.KruppAgency.com

Cautionary Note Regarding Forward Looking Information

This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible’s control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

Explore Earning Opportunities with Rarible Through DeFi and NFTs

Next Post

The Industry 4.0 Market Reach USD 618.39 Billion by 2031, Growing at a CAGR of 18.8%

Related Posts

Intelligent Protection Management Corp. Adds Aura’s Comprehensive Personal Identity Theft Protection Products to its Cutting-Edge Enterprise IT Infrastructure and Cybersecurity Tools

Providing comprehensive IT protections to over 17,000 consumers JERICHO, NY / ACCESS Newswire / June 24, 2025 / Intelligent Protection Management Corp. ("IPM" or the "Company") (NASDAQ:IPM), a managed technology solutions provider focused on enterprise cybersecurity and cloud infrastructure, announced today it will begin offering Aura, the leading AI-powered online...

Read moreDetails

CORRECTION FROM SOURCE: From Symphony to Silicon: Tech Virtuoso Unveils a Game-Changing Enterprise Computing Platform

Our recent article contained several unverified quotes. We are issuing this correction to ensure accuracy and maintain journalistic integrity. BOSTON, MASSACHUSETTS / ACCESS Newswire / June 24, 2025 / eBlissAI has launched its self-healing enterprise computing platform, introducing breakthrough autonomous computing technology that transforms how businesses manage IT infrastructure. The...

Read moreDetails

Trusted Since 2012: CenexPro Enhances Trading Infrastructure for High-Frequency Clients

As volatility reshapes global markets and demand for low-latency execution grows, CenexPro, the established digital trading firm with over 12 years of market presence, has completed a major infrastructure enhancement tailored to high-frequency and professional trading clients. Known for its reliability and precision since 2012, CenexPro's latest development reflects its...

Read moreDetails

FromZero.ai Launches Favicon Gallery, Targeting Guinness World Record for Largest Digital Mosaic

San Francisco, California, June 24, 2025 (GLOBE NEWSWIRE) -- FromZero.ai today announced the launch of Favicon Gallery, a large-scale digital mosaic project inviting users to permanently claim custom favicon tiles on an interactive online canvas. The project is aiming to set a Guinness World Record for the largest digital mosaic...

Read moreDetails

Spirit Blockchain Capital Appoints Don Stewart, CFA, to Board of Directors, Strengthening Governance and Shareholder Representation

Toronto, Canada, June 24, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR), a leading public company advancing regulated digital asset and tokenization strategies, is pleased to announce the appointment of Don Stewart, CFA, to its Board of Directors as an Independent Board Member. Mr. Stewart brings a distinguished...

Read moreDetails

3D Systems Announces Significant Strengthening of Balance Sheet

Transactions permanently retire approximately $88 million of debt, 41% of prior balance, at a meaningful discount to par Refinancing extends maturity with issuance of $92 million Convertible Senior Secured Notes due 2030 Repurchase of 8 million shares, representing approximately 6% of the Company’s outstanding common stock, in connection with the...

Read moreDetails

SiTime Corporation Announces Launch of Follow-on Public Offering

SANTA CLARA, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, announced today it has publicly filed a preliminary prospectus supplement with the U.S. Securities and Exchange Commission related to a proposed follow-on public offering of $350,000,000 of shares of its common stock. In...

Read moreDetails

VivoPower Confirms Record Date for Special Dividend Eligibility for Caret Digital Spin Off

Shareholders on record as of July 9, 2025, to receive five Caret Digital shares per VVPR share held Caret Digital subsidiary is to be spun off via a direct NASDAQ IPO at a target market capitalisation of US$308 million Negotiations are progressing with strategic pre-IPO investors in the Middle East and...

Read moreDetails

Truststrategy.com Launches Advanced Crypto Trading Bot to Automate Profitable Digital Asset Strategies

Miami, FL, June 24, 2025 (GLOBE NEWSWIRE) -- truststrategy.com, an innovative fintech platform specializing in intelligent digital asset management, is proud to announce the launch of its next-generation crypto trading bot. This powerful tool is designed to help crypto traders of all experience levels automate strategies, manage risk, and maximize...

Read moreDetails

BitMart Introduces X Insight, an AI Solution That Converts Crypto Talk Into Market Analysis

BitMart, a global leader in digital asset trading, is proud to announce the official launch of X Insight — an AI-powered intelligence platform that transforms real-time social conversations on X (formerly Twitter) into actionable trading signals for the crypto market. As social media continues to drive market momentum in the digital asset...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    65 shares
    Share 26 Tweet 16
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    36 shares
    Share 14 Tweet 9
  • ReggaeEDM Takes The Stage

    7 shares
    Share 3 Tweet 2
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    55 shares
    Share 22 Tweet 14
  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    35 shares
    Share 14 Tweet 9
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • BlackBerry Reports First Quarter Fiscal Year 2026 Results
  • Intelligent Protection Management Corp. Adds Aura’s Comprehensive Personal Identity Theft Protection Products to its Cutting-Edge Enterprise IT Infrastructure and Cybersecurity Tools
  • CORRECTION FROM SOURCE: From Symphony to Silicon: Tech Virtuoso Unveils a Game-Changing Enterprise Computing Platform
  • Trusted Since 2012: CenexPro Enhances Trading Infrastructure for High-Frequency Clients
  • FromZero.ai Launches Favicon Gallery, Targeting Guinness World Record for Largest Digital Mosaic

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.