$RSHN Rushnet, Inc Pursues Spinoff of HeliosDX, Di

$RSHN Rushnet, Inc Pursues Spinoff of HeliosDX, Dividend

https://www.accesswire.com/704320/rushnet-inc...x-dividend

ALPHARETTA, GA / ACCESSWIRE / June 8, 2022 / RushNet, Inc (OTC PINK:RSHN), (the "Company" is pleased to announce the proposed Rushnet dividend of heliosDX shares planned to be issued upon the spinoff of heliosDX. This proposed structure is free of any dilution to Rushnet - no additional shares of RushNet will be consumed in the process - it will have the same number of shares outstanding as it does now.

As part of the 15-month plan, Rushnet and its subsidiaries, heliosDX and Grandeza Healthcare, recently announced the completion of the PCAOB audit. This necessary and crucial step was needed in order to proceed with: (1) the issuance of dividend shares of the future heliosDX, Inc. to current RSHN shareholders and (2) the raising of $20,000,000 through the filing of a Tier 2, Regulation A with the SEC. Shares of heliosDX, not shares of RushNet, will be offered as part of the public offering.

The target submission date is within the next five business days. We would expect to file concurrently our Form 211 submission with FINRA to spin-off heliosDX from Rushnet, Inc.

Through the public offering of heliosDX shares from the Regulation A, heliosDX plans to raise $20,000,000 for future business endeavors.

These heliosDX shares to be distributed to RushNet shareholders as well as the fundraising element, are to be qualified by the Regulation A Offering to be free trading shares. For every six hundred and fifty (650) shares of RSHN owned, shareholders will receive one (1) share of heliosDX, Inc.