09/04/2024 | Press release | Distributed by Public on 09/04/2024 17:29
Item 8.01 | Other Events |
On August 28, 2024, Unicoin Inc. (the "Company") notified its existing investors that it is postponing its initial coin offering ("ICO") of unicoins in order to conduct a thorough review of its public statements, offering materials and its business in general. The Company anticipates conducting this thorough review of its compliance with applicable regulatory requirements with the assistance of a leading national law firm. The Company cannot assess at this time the exact length of the review and will work with outside legal counsel and the appropriate regulators as expeditiously as possible toward a path to continue its efforts and plans for the launch of unicoins.
Certain statements in this Current Report on Form 8-K may contain forward-looking statements, which may consist of any predictions, projections or other statements regarding management's intentions, plans, beliefs, expectations or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. These forward-looking statements reflect the views and assumptions of management based on current expectations as of the date of communication with respect to future events that are subject to risks and uncertainties which are set forth in the Company's periodic filings with the Securities and Exchange Commission; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors. Forward-looking statements speak only as of the date they are made and include any statement that does not directly relate to any historical or current fact. The Company undertakes no duty, and hereby disclaims, any obligation, unless required to do so by applicable securities laws, to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations, future events or other factors. The inclusion of any statement in this Current Report on Form 8-K does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.