Benzinga | Nov 16, 2021 08:11AM EST

Ballantyne Strong Announces Confidential Submission Of Draft Registration Statement For Proposed Initial Public Offering Of Strong Global Entertainment, Inc.

Ballantyne Strong, Inc. (NYSE:BTN) (the "Company" or "Ballantyne"), the parent of Strong Global Entertainment, Inc. ("Strong Global Entertainment") announced today that the Company has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of common shares of Strong Global Entertainment. The number of shares and price range for the proposed offering have yet to be determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act") and shall not constitute an offer to sell, or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.