Paltalk closes $4.0M public offering and uplists to Nasdaq under symbol PALT

INTELLIGENT PROTECTION MANAGEMENT CORP.

Offering of 1,333,310 shares at $3.00/share, including full exercise of over-allotment (173,910 shares).
Gross proceeds of $4.0 million; net proceeds of approximately $3.5 million after discounts and expenses.
Shares began trading on Nasdaq Capital Market on Aug 3, 2021 under ticker 'PALT' (uplisted from OTCQB).
Use of proceeds includes development, marketing, working capital, and potential acquisitions.
Maxim Group LLC acted as sole book-running manager.

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