Sichenzia Ross Ference Carmel LLP Represents EF Hutton in $1.8 Million Public Offering of DatChat, Inc.

Press Release – New York, NY – January 18th, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented EF Hutton (the “Underwriter”), in its public offering of DatChat, Inc.’s (the “Company” or “DatChat”) common stock.

The offering consisted of 972,972 shares of its common stock (or pre-funded warrants in lieu thereof) at a public offering price of $1.85 per share, for aggregate gross proceeds of approximately $1.8 million, before deducting underwriting discounts and other offering expenses.

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 145,945 shares of common stock (or pre-funded warrants in lieu thereof) at the public offering price per share, less the underwriting discounts to cover over-allotments, if any. The offering is expected to close on January 19, 2024, subject to satisfaction of customary closing conditions.

DatChat is a metaverse-focused secure messaging and social media company. Their goal is to make the metaverse simple, fun, and accessible for all while maintaining privacy protection across the board. Their flagship product, the DatChat Messenger & Private Social Network, is a privacy platform and mobile application that provides safe and private communication and sharing.

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel and Avital Perlman, and associate Christian Lichtenberger.

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Sichenzia Ross Ference Carmel LLP

SRFC is a full-service law firm with nationally recognized corporate, securities, and litigation practices that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.

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