Question: Is the IPO expected to be a firm commitment underwritten IPO?
Response: Yes, the IPO is a firm commitment underwritten offering. The investment bankers for the offering, The Benchmark Company, LLC and Brookline Capital Markets, a division of Arcadia Securities, LLC, have agreed that upon the pricing of the IPO and the execution of the underwriting agreement for the IPO, they will purchase all of the IPO shares from us for resale to the public, either directly or through selected dealers.
Question: When you go public, what happens to the existing shares?
Response: Whether you choose to participate in the IPO or not, existing shares will remain unaffected and will remain outstanding following the IPO. Once the registration statement for the IPO becomes effective, all shares will be valued at the publicly traded price of the Company from time to time.
The transfer agent for the existing shares after the IPO will be American Stock Transfer & Trust Company (“AST”), which will hold the shares in book-entry form. A new stock certificate for existing shares will not be issued. During this process, AST will send out a cover letter, statements, and a FAQ to each shareholder to inform them on where their shares are and how to access them online.
Question: Can we add to the funds after the IPO commences? Or should we use our own brokerage firm if we have one?
Response: No. You can use your own brokerage firm.
Question: Do we need to use Webull or any other specific brokerage to sell existing shares?
Response: No. You can use your own brokerage firm.
Question: How do we exchange our current shares for the 3:1 reverse split shares so that we can trade them after the lockup period?
Response: The reverse stock split is already effective. No further actions will be required as your post-split shares will be reflected in the records of the transfer agent.
Question: Where can I go to obtain a copy of the Company’s prospectus?
Response: The Company has filed its registration statement on Form S-1 with the SEC, which can be found by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, a copy of the prospectus can be requested by contacting The Benchmark Company, 150 East 58th Street, New York NY 10155, by email at Prospectus@benchmarkcompany.com or by phone at (212) 312-6700.
We have filed a registration statement (including a prospectus) on Form S-1 (File No. 333-265828) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents we have filed with the SEC for more complete information about Genelux and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus if you request it by contacting The Benchmark Company, 150 East 58th Street, New York, NY 10155, by email at Prospectus@benchmarkcompany.com or by phone at (212) 312-6700.
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