Sichenzia Ross Friedman Ference LLP Represents SITO Mobile in $3.7M Acquisition of Hipcricket Inc.’s Mobile Advertising Business

Press Release – New York, NY – July 14, 2015 – New York based securities and corporate law firm Sichenzia Ross Friedman Ference LLP (“SRFF”) announced today that the Firm has represented SITO Mobile, Ltd. (OTCQB: SITO), a leading mobile engagement platform provider, in its acquisition of Hipcricket Inc.’s  mobile advertising business. In exchange, Hipcricket received 6,205,602 shares of SITO Mobile’s common stock valued at $2.4 million and $1.3 million for a total purchase price of $3.7 million.

SITO Mobile’s acquisition will provide the company access to new revenue streams through Hipcricket’s existing customer relationships. Additionally, SITO Mobile plans to expand its product offerings by implementing technology from Hipcricket’s adServe platform.

The Sichenzia Ross Friedman Ference LLP team was led by Partners Gregory Sichenzia, Marcelle Balcombe and Counsel Peter DiChiara.

• Author
• Recent Posts

Sichenzia Ross Ference Carmel LLP

SRFC is a full-service law firm with nationally recognized corporate, securities, and litigation practices that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.

Latest posts by Sichenzia Ross Ference Carmel LLP (see all)

• Sichenzia Ross Ference Carmel LLP Represents Safe & Green Holdings Corp. in a $8.0 Million Private Placement - April 15, 2025
• Sichenzia Ross Ference Carmel LLP Represents FatPipe, Inc. in Closing of $4 Million Initial Public Offering - April 10, 2025
• Sichenzia Ross Ference Carmel Names Matilde Tysz as Chief Strategy Officer - April 9, 2025