Asset Entities Prices of IPO

NEW YORK, Feb. 03, 2023 (GLOBE NEWSWIRE) — Asset Entities Inc. (NASDAQ:ASST), a leading provider of digital marketing and content delivery services for businesses, brands and celebrities across Discord and other social media platforms, and Designer Developer and Manager of Discord servers through its AE.360.DDM suite of services, has announced the pricing of its initial public offering of 1,500,000 shares of Class B Common Stock at a price to the public of $5.00 per share today.

The shares are expected to begin trading on the Nasdaq Capital Market on February 3, 2023, under the symbol “ASST.”

Boustead Securities, LLC, is the sole underwriter for the offering. Asset Entities has granted the underwriter a 45-day option to purchase from Asset Entities up to an additional 225,000 shares at the initial public offering price, less underwriting discounts and commissions and other offering expenses payable by Asset Entities.

The gross proceeds from the offering (before deducting underwriting discounts, commissions, and other offering expenses payable by Asset Entities and excluding any exercise of the overallotment) are expected to be $7.5 million.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Asset Entities

Asset Entities Inc. is a technology company providing social media marketing, management and content delivery across Discord, TikTok, Instagram, Twitter, and YouTube and other social media platforms. Following its IPO, Asset Entities is expected to be the first publicly-traded company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers.

The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development and Management of Discord community servers. Asset Entities’ customers include businesses and celebrities.

The Company is led by a unique mix of young, dynamic, and successful entrepreneurs with a deep understanding of the needs and interests of the Gen Z generation and the fast-growing creator economy, combined with seasoned senior executives with decades of experience in cutting-edge technology, business and finance. Learn more at assetentities.com, and follow the Company on Twitter at $ASST and @assetentities.