Paltalk, Inc. Announces Proposed Public Offering of Common Stock

Jericho, NY – (NewMediaWire) – October 14, 2021 – Paltalk,

Inc. (Nasdaq: PALT) (“Paltalk,” the “Company,” “we,” “our” or “us”), a leading

communications software innovator that powers multimedia social applications,

today announced it has commenced an underwritten public offering of shares of

its common stock. The offering is subject to market conditions, and there can

be no assurance as to whether or when the offering may be completed, or as to

the actual size or terms of the offering. In addition, Paltalk intends to

grant the underwriters a 45-day option to purchase up to an additional 15

percent of the number of shares of its common stock offered in the public

offering. Paltalk currently intends to use the net proceeds from the offering to

fund development costs related to new and existing applications, advertising

and marketing initiatives to further grow its applications and services,

acquisitions of, or investments in, businesses or technologies that complement

the business, and for working capital and general corporate purposes. 

Maxim Group LLC is acting as

sole book-running manager for the offering.

The public offering is being

made pursuant to an effective shelf registration statement on Form S-3 (File

No. 333-260063), previously filed with the U.S. Securities and Exchange

Commission (SEC) on October 5, 2021 and declared effective on October 14,

2021. The securities may be offered only by means of a prospectus. A

preliminary prospectus supplement and the accompanying prospectus relating to

and describing the terms of the public offering will be filed with the SEC,

will form a part of the effective registration statement and will be available

on the SEC’s website at When available, copies of the preliminary

prospectus supplement and accompanying prospectus relating to the public

offering may also be obtained by contacting Maxim Group LLC, at 300 Park

Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by

telephone at (212) 895-3745 or by email at

This press release does not

constitute an offer to sell or the solicitation of an offer to buy these

securities, nor shall 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 any

such state or other jurisdiction.

About Paltalk, Inc. (Nasdaq:


Paltalk, Inc. 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 additional information,

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Forward-Looking Statements

This 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 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 limitation, the Company’s ability to retain the listing of its common

stock on The Nasdaq Capital Market; the impact of the COVID-19 pandemic 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 to enhance our applications, and our ability to timely

complete development of applications using new technologies; 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 at

All 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 laws.

Investor Contacts:

Brian Loper



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