Paltalk, Inc. Announces Pricing of $3.5 Million Underwritten Public Offering and Uplisting to Nasdaq

JERICHO, NY – (NewMediaWire) – August 2, 2021 – Paltalk, Inc., (“Paltalk,”


“we,” “our” or “us”)
(OTCQB: PALT), a leading communications software innovator that powers

multimedia social applications, today announced the pricing of
its underwritten public

offering of
1,159,400 shares of common stock at a price to

the public of
$3.00 per share. The shares of common

stock are expected to begin trading on The Nasdaq Capital Market, on August 3,

2021, under the symbol “PALT”.  Paltalk

expects to receive gross proceeds of approximately $3.5 million, before

deducting underwriting discounts and commissions and other estimated offering


The Company has granted the

underwriter a 45-day option to purchase
an additional 173,910 shares of common stock at

the public offering price per
share, less the underwriting discounts and

commissions, to cover over-allotments, if any.
The offering is expected

to close on
August 5, 2021, subject to satisfaction of customary closing


Maxim Group LLC is acting as sole book-running manager for

the offering.

The offering is being conducted pursuant to the

Company’s registration statement on Form S-1 (File No. 333-257036), as amended,
and as previously filed with and

subsequently declared effective by the Securities and Exchange Commission

 A final prospectus

relating to the offering will be filed with the SEC and will be available on

the SEC’s website at
 Electronic copies of the final prospectus relating to

this offering, when available, may be obtained from Maxim Group LLC,
300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.  

This press release shall not constitute an offer to

sell or the solicitation of an offer to buy any of the securities described

herein, nor shall there be any sale of these securities in any state or

jurisdiction in which such offer, solicitation or sale would be unlawful prior

to registration or qualification under the securities laws of any such state or



Paltalk, Inc.

Paltalk is a communications software innovator that

powers multimedia social applications. Our product portfolio includes Paltalk

and Camfrog, which together host one of the world’s largest collections of

video-based communities. Our other products include Tinychat and Vumber. The

Company has an over 20-year history of technology innovation and holds 18

patents. For more information, please visit:

Forward Looking Statements


press release contains “forward-looking statements.” Such statements

may be preceded by the words “intends,” “may,”

“will,” “plans,” “expects,”

“anticipates,” “projects,” “predicts,”

“estimates,” “aims,” “believes,”

“hopes,” “potential,” or similar words.
Forward-looking statements in this

press release include statements regarding the anticipated closing of the

offering and the Company’s intended use of the net proceeds from the offering.
Forward-looking statements are not guarantees of

future performance, are based on certain assumptions and are subject to various

known and unknown risks and uncertainties, many of which are beyond the

Company’s control, and cannot be predicted or quantified and consequently,

actual results may differ materially from those expressed or implied by such

forward-looking statements. Such risks and uncertainties include, without

market and

other conditions and the satisfaction of customary closing conditions related

to the offering; the Company’s ability to retain the listing of its common

stock on The Nasdaq Capital Market;

impact of the

on our results of operations

and our business; our ability to effectively market and generate revenue from

our applications; our ability to release new applications or improve upon or

add features to existing applications on schedule or at all; risks and

uncertainties related to our increasing focus on the use of new and novel

technologies, such as Props tokens, to enhance our applications, and our

ability to timely complete development of applications using new technologies;

our ability to effectively integrate Props tokens into our existing

applications; our ability to effectively secure new software development and

licensing customers; our ability to protect our intellectual property rights;
the use of the internet and privacy and protection of user

data; risks related to our holdings of digital tokens, including risks related

to the volatility of the trading price of digital tokens and our ability to

convert digital tokens into fiat currency; and our ability to manage our

partnerships and strategic alliances. More detailed information about the

Company and the risk factors that may affect the realization of forward-looking

statements is set forth in the Company’s filings with the Securities and

Exchange Commission (“SEC”), including the Company’s most recent

Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security

holders are urged to read these documents free of charge on the SEC’s website



forward-looking statements speak only as of the date on which they are made.

The Company undertakes no obligation to update any forward-looking statement or

statements to reflect events or circumstances after the date on which such

statement was made, except to the extent required by applicable securities



Stephanie Prince

PCG Advisory


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