SAN FRANCISCO--(BUSINESS WIRE)--
Fantex Brokerage Services, LLC announced that eligible residents of
Texas may now place reservations for shares of Fantex Series EJ Manuel
Convertible Tracking Stock (“Fantex EJ Manuel”)1, stock
symbol EJMLL. Investors in Texas can place reservations for shares at
Fantex.com.2 Fantex, Inc. will be offering 523,700 shares of
Fantex EJ Manuel at a price of $10 per share.
This announcement marks Fantex’s second Initial Public Offering (IPO),
and the first time that investors in Texas can buy shares of a tracking
stock linked to the economic performance and value of a brand contract
between Fantex, Inc. and EJ Manuel. Eligible residents of Texas are also
now able to trade Fantex Vernon Davis at Fantex.com, stock symbol VNDSL.
This offering is highly speculative and the securities involve a high
degree of risk. Investing in shares of Fantex EJ Manuel should only be
considered by persons who can afford the loss of their entire
investment. Holders of shares of a Fantex, Inc. tracking stock will have
no direct investment in that brand contract, associated brand or
athlete. Rather, an investment in a tracking stock will represent an
ownership interest in Fantex, Inc. as a whole.
1Fantex EJ Manuel is intended to track and reflect the
separate economic performance of the brand contract that Fantex, Inc.
has signed with EJ Manuel. However, holders of shares of Fantex EJ
Manuel will have no direct investment in that brand contract, associated
tracking series brand or EJ Manuel. Rather, an investment in Fantex EJ
Manuel will represent an ownership interest in Fantex, Inc. as a whole,
which will expose holders to additional risks associated with any other
tracking stock that Fantex, Inc. may establish and issue in the future.
Fantex cannot assure you as to the development or liquidity of any
trading market for the Fantex EJ Manuel tracking stock.
2The reference to Fantex Brokerage Services, LLC’s website
has been provided as a convenience, and the information contained on
such website is not incorporated by reference into this press release.
Fantex, Inc. has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus in that registration
statement and other documents Fantex, Inc. has filed with the SEC for
more complete information about Fantex, Inc. and this offering. You may
get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov.
Alternatively, Fantex, Inc., any underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request
it by calling toll-free 866-315-3482. View the Fantex EJ Manuel
Fantex Brokerage Services, LLC, an affiliate of Fantex, Inc., is a
registered broker-dealer, an alternative trading system registered with
the SEC and a member of the Financial Industry Regulatory Authority. It
is the exclusive trading platform for tracking stocks that are issued by
Fantex, Inc. Stifel, Nicolaus & Company, Incorporated, will act as the
qualified independent underwriter for the offering.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor will there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or other
About Fantex Holdings
Based in San Francisco, Fantex Holdings, Inc. serves as the parent
company to both Fantex, Inc. and Fantex Brokerage Services, LLC. Fantex,
Inc. is a brand building company that purchases a minority interest in
an athlete brand and works to increase the value of the brand. In order
to fund the purchase, Fantex, Inc. develops a tracking stock that is
linked to the economic performance of the brand. Fantex Brokerage
Services, LLC is the exclusive trading platform for tracking stocks that
are issued by Fantex, Inc.
Finn Partners for Fantex, Inc.
Phone: (310) 418-4389
Source: Fantex Holdings, Inc.