Investigating Potential Claims involving Function (X) Inc.
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended Function (X) Inc. to investors.
On February 24, 2017 FUNCTION(X) INC. (NASDAQ: FNCX), a social publishing and interactive media platform, announced the pricing of an underwritten public offering of 4,571,428 shares of its common stock at a price to the public of $1.05 per share, according to a press release.
The gross proceeds to Function(x) Inc. from this offering were expected to be approximately $4,800,000.
Aegis Capital Corp. and Laidlaw & Company (UK) Ltd were reportedly joint underwriters for the offering.
According to the filings with the SEC on November 15, 2018, the regulator has since revoked the company’s registration after it failed to file any periodic reports with the Commission subsequent to its fiscal quarter ending December 31, 2016.