HIMALAYA TECHNOLOGIES CANCELS OFFERING OF 1.5 BILLION SHARES
Pittsburgh, PA, April 13, 2023 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA), based on market conditions, has canceled the Company’s equity offering of up to $3.0 million previously aimed at funding its existing and planned Internet businesses and health and wellness.
- Pittsburgh, PA, April 13, 2023 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA), based on market conditions, has canceled the Company’s equity offering of up to $3.0 million previously aimed at funding its existing and planned Internet businesses and health and wellness.
- Accordingly, the Company has filed paperwork with the SEC to withdraw its Form 1A/A for a Tier 2 Regulation A+ offering of up to 1.5 billion common shares priced at $0.002, previously filed February 7, 2023 and qualified by the SEC on February 13, 2023.
- Said Vik Grover, CEO: “The market is not shining on OTC issuers.
- I do not believe the current market capitalization of Himalaya reflects the proper value of the public vehicle itself, let alone the upside from our wholly owned social network media platform Kanab Club or minority investment in GenBio, Inc.