Definition of «other purposes described in the offering materials»

The phrase "other purposes described in the offering materials" is a legal clause that allows for flexibility in how funds raised through an offering are used. It means that the proceeds from the offering can be applied to other uses or projects that were not specifically listed in the initial offering documents, but which are still within the overall scope and purpose of the organization conducting the offering. This provision provides a degree of flexibility for organizations to adapt to changing circumstances or take advantage of new opportunities as they arise.

Sentences with «other purposes described in the offering materials»

  • Filecoin and Bancor raised more than $ 200 million and $ 150 million in the same year, respectively.The amount raised was revealed in an SEC notice of securities exemption, which also indicates that the firm aims to use the funds for «the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes described in the offering materials(wuweitactic.com)
  • The amount raised was revealed in an SEC notice of securities exemption, which also indicates that the firm aims to use the funds for «the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes described in the offering materials(virtualmining.com)
  • «The issuers intend to use the proceeds for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes described in the offering materials,» according to the SEC filing. (coindesk.com)
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