MIAMI, FL, September 17, 2021 (GLOBE NEWSWIRE) – EzFill stocks, Inc. (“EzFill” or the “Company”), (NASDAQ: EZFL) an emerging leader in the fast-growing on-demand mobile fuels industry, today announced the completion of its initial public offering of 7,187,500 common shares at a public offering price of $ 4.00 per share, including 937,500 shares that will be sold upon full exercise of the syndicate agreement Options to buy additional shares were sold. The gross proceeds of the offering, including the over-allotment option shares, were $ 28,750,000, net of subscription discounts, commissions and offering costs.
The common stock trades on the Nasdaq Capital Market under the ticker symbol “EZFL”.
The company plans to use the net proceeds from the offering to gain additional market share in Florida, where it is currently the largest on-demand mobile fuel provider, as well as for national expansion, technology development, debt restructuring, and other general corporate and working capital costs .
ThinkEquity acted as the sole book-running manager for the offering.
The registration statement on Form S-1 (File Number 333-256691) in relation to the shares sold under this offering has been filed with the Securities and Exchange Commission and has become effective on September 14, 2021. The proposed offer was filed and made available on the SEC’s website at https://www.sec.gov/. The offer is made exclusively by means of a prospectus. Electronic copies of the final prospectus are available from ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by phone at (877) 436-3673 and by email at [email protected]
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale prior to registration would or would be unlawful or unlawful Qualification under the securities laws of such state or jurisdiction.
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EzFill is a leading player in the fast growing mobile fuel industry with the largest market share in its home state of Florida. Its mission is to revolutionize the gas station model by bringing consumers and businesses the convenience, safety and touchless benefits of on-demand gas stations delivered right to their locations. For commercial and special customers, on-site delivery during downtime enables operators to start their day-to-day operations with fully fueled vehicles. Please visit https://getyourezfill.com for more information.
This press release contains “forward-looking statements.” Forward-looking statements reflect our current assessment of future events. In this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or to us or our management will identify forward-looking statements. These statements include, but are not limited to, statements in this press release relating to our business strategy, future operating results, and the outlook for liquidity and capital. Forward-looking statements are based on our current expectations and assumptions about our business, the economy and other future conditions. Because forward-looking statements address the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results could differ materially from those anticipated in the forward-looking statements. They are neither statements of historical facts nor guarantees of future performance. We therefore caution you not to rely on these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include our ability to raise capital to finance ongoing business operations; our ability to protect our intellectual property rights; the effects of infringement proceedings or other legal disputes brought against us; Competition from other providers and products; our ability to develop and market products and services; Changes in government regulation; our ability to complete fundraising transactions; and other factors relating to our industry, operations and results of operations. Actual results could differ materially from those expected, assumed, estimated, expected, intended or planned.
Factors or events that could cause our actual results to differ could occur from time to time and we cannot predict them all. We cannot guarantee future results, activity levels, accomplishments or successes. The company assumes no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this publication
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Kathleen Heaney / Joshua Greenwald