- Boustead Securities
Boustead Securities Announces Wormhole Labs Offering
Wormhole’s Technology Platform Allows People and Businesses Across the World to ‘Teleport’ to Each Other to Interact, Socialize, Play and Shop, as if They are Actually Present and Physically Walking around Anywhere in the World
Boustead Securities, LLC (Boustead), has been engaged by Wormhole Labs, Inc for its $10M Series B Preferred Regulation D 506(c) offering. Wormhole Labs Inc.™ has developed and patented a globally scalable new technology platform called Wormhole™, which potentially allows people and businesses anywhere in the world to ‘teleport’ to each other to interact, socialize, play and shop, as if they are actually present and physically walking around anywhere in the world. We believe this is the first scalable platform to allow human-like telepresence across the world in real-time.
Wormhole’s patent protected technology has been used in multiple countries with an established user-base, and is poised to enter the commercialization phase by adding social media influencers through a partnership with Amazon subsidiary Twitch.
What does this platform enable people to do?
Experience Human-like interaction as if you are immersed and actually physically walking around as an avatar with other people
Tell the platform where you want to go; enhance the moment and interact with what’s in front of you
Interact and participate in commerce: socialize, crowdsource, request, play, shop and more – LIVE
Wormhole aims to be a worldwide social-centric technology platform that, through crowd-sourcing from people around the globe, merges the real world with the virtual world. The media has compared. Wormhole to the popular film ‘Ready Player One’, which exists in a world referred to as a ‘metaverse’. Wormhole Labs Inc. is a market leader in this category through a patented technology that potentially allows people and businesses to create the crowd-sourced metaverse for the real world.
This new form of socially immersive communication and scalable interaction provides a solution to pain points in numerous multi-billion dollar global markets, ranging from consumer to business to business enterprise applications. These include social media, gaming, remote business communication, travel and tourism, retail, sports and entertainment, dating, news, distance learning/education, remote business management, real estate and immersive e-Commerce.
In this time of social distancing, communication platforms like Zoom and Houseparty have seen explosive growth that is likely to sustain when the world opens up. Wormhole is poised for growth, as its technology is a natural evolution by combining immersive communication with the sensation of human-like presence, interaction and real-time commerce.
This press release is not a solicitation or offer to buy or sell securities. For illustrative purposes only. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved.
About Wormhole Labs, Inc. "Wormhole™ is an evolution of social interaction. Using Wormhole Labs' patented technology, users, companies, and organizations can re-create the world with 360 degree panoramic images using their connected devices, then interact as if they're physically there. By teleporting throughout the world, Wormholers may never be limited by physical distance again. As avatars, they can meet, chat, live stream, watch real-time content, host virtual meetings and concerts, and more. The platform provides 24/7 monetization opportunities for creators who can create a virtual 'clubhouse' for fans to have an immersive community experience and purchase digital and physical items. Brands and small businesses can inspire consumers to visit virtual versions of their locations through coupons, item drops, and virtual-experiential activations like concerts. For more information on brand opportunities and to sign up for the platform, please visit: www.wormholelabs.com.
About Boustead Securities, LLC Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com. About Sutter Securities Group, Inc. Headquartered in Irvine, California, Sutter Securities Group, Inc. (“SSG”), founded in 2013, through its affiliates, is an innovator and investment banking solutions provider. SSG owns and operates Sutter Securities Clearing, LLC, and Sutter Securities Incorporated, FINRA member broker-dealers; Sutter Shareholder Services, LLC, a SEC-registered transfer agent; FlashFunders Funding Portal, LLC, a FINRA member funding portal; and Sutter Securities Group, through its affiliates, operates a U.S.-based online securities platform whose underlying technology and regulatory infrastructure are designed to enable issuers to engage in Regulation D, Regulation A (known as Reg A+), Regulation S, Regulation CF and fully registered S-1 and F-1 Initial Public Offerings in compliance with applicable federal, state and non-U.S. securities laws. SSG is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. Additional information is available at www.flashfunders.com. CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.