High Times Rescinds Claim to Accept Cryptocurrency During IPO
Earlier this month, High Times magazine announced that they will be accepting cryptocurrency as the first-ever Nasdaq IPO to do so. However, a recent SEC filing reveals that High Times will not deliver on its benchmark promise and will only accept fiat investments during its upcoming public offering. High Times Not Accepting Crypto After All A filing by the U.S. Securities and Exchange Commission (SEC), dated Aug. 3, states that High Times Holding Corp. released a press release “in error” and will not be accepting cryptocurrency during its initial public offering (IPO). According to the SEC report, High Times will only accept traditional forms of payment for investments: “This press release was distributed in error as the company will not be accepting Bitcoin as payment for shares. As provided in the company’s subscription agreement related to the offering, the company will only be accepting check, credit card, ACH or
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