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MoneyOnMobile announces rights offering S-1 filing & calendar

DALLAS, TX (April 23, 2018) — MoneyOnMobile, Inc. (OTCQB: MOMT) announced it has filed a Form S-1 registration statement file number 333-223935 with the Securities and Exchange Commission (“SEC”) for its public offering. This rights offering will allow its shareholders as of the Ownership Day of Wednesday May 9, 2018 by 4:00 PM ET, the opportunity to increase their respective ownership in the company.

Under the proposed rights offering, MoneyOnMobile will distribute to its shareholders of record non-transferable subscription rights to purchase one share of MoneyOnMobile common stock for each share of common stock or common stock issuable upon conversion of preferred stock held as of the Ownership Day date. Holders who fully exercise their basic subscription privilege will be entitled to purchase additional shares of common stock via the over-subscription privilege (should any of the offering remain unsubscribed at the expiration of the subscription period). Holders will receive one non-tradable, non-transferable subscription right for every one share of common stock owned on the record date. All preferred stock holders will receive one non-tradable non-transferable subscription right for every one share of common stock that would be owned upon full conversion of the preferred stock (on an as converted basis) as if they had converted as of the record date.

Expected calendar for 2018 rights offering:
Wednesday, May 9	Ownership Day, must be a shareholder at the market close of 4:00 PM ET
Thursday, May 10	Ex-Right Day (MOMT trades ex-dividend)
Friday, May 11	Record Date (Rights are priced)
Tuesday, May 15	Subscription Period Begins
Wednesday, June 6	Subscription Period Ends by 5:00 PM ET

Details of the rights offering will be set out in the registration statement on Form S-1, as amended, filed with the SEC, which is available on the SEC’s website at: https://www.sec.gov/cgi-bin/browse-edgar?company=moneyonmobile&owner=exclude&action=getcompany

MoneyOnMobile intends to use the net proceeds from the rights offering to provide working capital to expand growth in India and for general corporate purposes.

MoneyOnMobile has engaged Advisory Group Equity Services, Ltd. doing business as RHK Capital as Dealer-Manager in the offering, Mackenzie Partners, Inc. as Information Agent and Securities Transfer Corporation as Subscription Agent. Questions about the rights offering or requests for copies of the prospectus, when available, may be directed to Mackenzie Partners at (800)322-2885 or rightsoffer@mackenziepartners.com.

About MoneyOnMobile, Inc.

MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. MoneyOnMobile enables Indian consumers to use mobile phones to pay for goods and services or transfer funds from one cell phone to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 350,000 retail locations throughout India.