DatChat, Inc. (NASDAQ: DATS), a secure messaging, social media, and metaverse company, has successfully closed a $5.1 million registered direct offering. The transaction, priced at-the-market under Nasdaq rules, consisted of 1,200,000 shares of common stock at $4.25 per share.
The offering demonstrates continued investor confidence in the secure messaging and metaverse sectors, with proceeds supporting DatChat’s innovative platform that provides users with enhanced control over their digital communications, including message duration and screenshot prevention capabilities.