Hollywall Entertainment, Inc.’s, (HWAL)
Announces Purchase of A Warrant’s to be extended until May 29, 2018
Hollywall Entertainment, Inc., (OTC:HWAL), announces that after receiving numerous request from its Shareholders and the various Brokerage firms that represent them, that it has agreed to accommodate its Shareholders of Record request to extend the time to purchase its A Warrants until May 29, 2018,
HOLLYWALL ENTERTAINMENT INC. – WARRANT PROGRAM
Record Date: 3/27/2018
Payment Date: 3/30/2018
The Hollywall Entertainment, Inc., (HWAL) Three-Tier Warrant program grants each stockholder three (3) opportunities to purchase additional shares of common stock:
1) The first Warrant, (A Warrant), is exercisable for 60 days to holders of common stock of HWAL as of the record date March 27, 2018. The A warrant provides shareholders the right to purchase from the company directly three (3) additional shares of restricted common stock for every share they own as of the pay date of March 30, 2018 at a price of $0.85 per share. Shareholders can buy A Warrants from March 30, 2018 until May 29, 2018.
2) Upon expiration of the A warrant, the A warrant becomes a B warrant which is exercisable for 60 days after the expiration of the A warrants. The B warrant provides for the right to buy 1 share of restricted common stock at a price of $2.00. Shareholders can buy B Warrants from May 30, 2018 until July 26, 2018.
3) Upon expiration of the B warrant, the B warrant becomes the C warrant which is exercisable for 90 days after the expiration of the B warrants. The C warrant provides for the right to buy 1 share of restricted common stock at a price of $5.00. Shareholders can buy C Warrants from July 27, 2018 until October 24, 2018.
All information regarding the warrant program can be found at the company’s website, https://hollywall.com/.
Along with the multi-tiered warrants, the Company has created several new Preferred series of equity securities, at least one of which, it envisions will become a totally separate trading security in the marketplace. These will be the vehicles proposed to be used for all fund raising in the future. The Company currently is considering the possibility of including before year end a total tender offer for all its currently issued and outstanding common stock. HWAL will continue to work with the investment banking community and intends to release further detail regarding the structure and timing of the tender offer for all common shares and other anticipated benefits for all of its shareholders.
About Hollywall Entertainment Inc.
Hollywall Entertainment, Inc., www.hollywall.com, is a multifaceted media and entertainment company engaged in maximizing rights to its music, film, television, home videos and software game libraries. The company is developing a digital distribution and verification system to improve customer delivery, quality control and revenues for artists, writers, content developers, copyright owners and shareholders. Hollywall owns exclusive and non-exclusive rights to market, manufacture and distribute over 17,500 songs from Music Recording Masters. Hollywall’s recorded music master rights consist of all the “Proprietary Rights,” as outlined in its original contracts on file. The master recordings contain performances by such legends as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, Tony Bennett, The Bee Gees, Chicago, Platters, George Gershwin, Marvin Gaye, James Brown, The Who, Janis Joplin, Rolling Stones, Nat King Cole, John Lee Hooker, Willie Nelson, Rod Stewart, Hall and Oates, James Taylor, Etta James, Aretha Franklin and other multiple platinum selling acts. The music master recordings include songs that have never been released in addition to songs that have been released by other record companies which hold similar licensing rights to market the songs.
Hollywall Entertainment, Inc.