The Company plans to publicly offer up to $20,000,000 of preferred stock to qualified investors
CloudCommerce Inc., a leading provider of audience-driven business intelligence and digital marketing solutions, announced that it has filed an Offering Statement on Form 1-A with the Securities and Exchange Commission (“SEC”) to offer up to $20,000,000 of preferred stock (the “Preferred Stock”) at a price of $25.00 per share, to qualified investors in a Reg A+ public offering.
The Preferred Stock will pay an annual dividend of 10%, with payments made monthly. The Company will seek to have a market maker file an application with FINRA to be able to quote the Preferred Stock on the OTC market.
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The Preferred Stock may not be sold, nor may offers to buy be accepted, before the Form 1-A offering statement is qualified and approved by the SEC. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state.
The Company recently announced the roll out of SWARM, a proprietary audience-driven business intelligence solution.
SWARM analyzes a robust mix of audience data to help businesses find who to talk to, what to say to them, and how to motivate them to take meaningful action. We do this by applying advanced data science, behavioral science, artificial intelligence, and market research techniques to discover, develop and create custom audiences for any business activity.
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With applications, such as marketing, brand perception, customer relationship management, human resources management and operational logistics, SWARM delivers audience-driven business intelligence to convert opportunities into business success.
The Company expects that SWARM will benefit from the rapidly growing market for business intelligence. According to Market Research Future, the global business intelligence (BI) market will grow from $16.3 billion in 2016 to $34.3 billion by 2022 at the compound annual growth rate of 11.03%.
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