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.

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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