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GreenBox POS Announces Closing and Exercise of Full Over-Allotment Option of $50.1 Million Public Offering

GreenBox POS, an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions announced the closing of an underwritten public offering of 4,772,500 shares of common stock at a public offering price of $10.50 per share, which included the full exercise of the underwriter’s over-allotment option for 622,500 shares of common stock, for gross proceeds to the Company of $50,111,250 before deducting underwriting discounts and other offering expenses.

The Company received approval to list its common stock on the Nasdaq Capital Market under the symbol “GBOX”, with trading that began on February 17, 2021.

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Kingswood Capital Markets, division of Benchmark Investments, Inc., acted as sole bookrunning manager for the offering.

The United States Securities and Exchange Commission (“SEC”) declared effective a registration statement on Form S-1 relating to these securities on February 12, 2021. A final prospectus relating to this offering was filed with the SEC. Copies of the final prospectus relating to this offering can be obtained at the SEC’s website or from Kingswood Capital Markets, division of Benchmark Investments Inc., 17 Battery Place, Suite 625, New York, NY 10004, Attention: Syndicate Department. Before investing in this offering, interested parties should read in their entirety the prospectus, which provides more information about the Company and such offering.

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 jurisdiction.

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