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    ZDGE   US98923T1043

ZEDGE, INC.

(ZDGE)
  Report
Delayed Quote. Delayed Nyse - 08/04 08:00:00 pm
16.19 USD   -0.92%
08/03ZEDGE : Acquires Emojipedia for Undisclosed Sum
MT
08/03ZEDGE : Acquires Emojipedia, the Leading Authority on Emojis
PU
08/03Zedge, Inc. acquired Emojipedia.
CI
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ZEDGE, INC. : Other Events, Financial Statements and Exhibits (form 8-K)

03/16/2021 | 03:40pm EDT

Item 8.01. Other Events.

On March 16, 2021, Zedge, Inc. (the "Company"), filed a prospectus supplement with the Securities and Exchange Commission which contemplates the sale, for a gross aggregate sale price of up to $10,000,000, of shares of the Company's Class B common stock (the "Shares"), from time to time in "at the market offerings" pursuant to an At Market Issuance Sales Agreement with National Securities Corporation and Maxim Group LLC (the "Sales Agents"), dated as of March 16, 2021 (the "ATM Sales Agreement"). Sales pursuant to the ATM Sales Agreement will be made only upon instructions by the Company to the Sales Agents, and the Company cannot provide any assurances that it will issue any Shares pursuant to the ATM Sales Agreement.

A copy of the ATM Sales Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the material terms of the ATM Sales Agreement does not purport to be complete and is qualified in its entirety by reference to such agreement.

Schwell Wimpfheimer & Associates, LLP, counsel to the Company, has issued a legal opinion relating to the Shares. A copy of such legal opinion, including the consent included therein, is attached as Exhibit 5.1 hereto.

Item 9.01 Financial Statements and Exhibits.




(d)  Exhibits.


Exhibit No.   Document
1.1             At Market Issuance Sales Agreement among Zedge, Inc. and National
              Securities Corporation and Maxim Group LLC, dated March 16, 2021.
5.1             Opinion of Schwell Wimpfheimer & Associates, LLP.
23.1            Consent of Schwell Wimpfheimer & Associates, LLP (included in Exhibit
              5.1)




                                       1

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Financials (USD)
Sales 2021 18,9 M - -
Net income 2021 6,26 M - -
Net Debt 2021 - - -
P/E ratio 2021 36,0x
Yield 2021 -
Capitalization 230 M 230 M -
Capi. / Sales 2021 12,1x
Capi. / Sales 2022 10,6x
Nbr of Employees 52
Free-Float 81,3%
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 16,19 $
Average target price 25,00 $
Spread / Average Target 54,4%
EPS Revisions
Managers and Directors
Jonathan Reich President & Chief Executive Officer
Yi Tsai Chief Financial Officer & Treasurer
Michael C. Jonas Executive Chairman
Mark Ghermezian Lead Independent Director
Elliot Gibber Independent Director
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