Phrases with «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. Full definition
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)