LGBTQ Loyalty Holdings enters into securities purchase agreement with GHS Investments
WILTON MANORS, Fla., October 6, 2021 (GLOBE NEWSWIRE) – LGBTQ Loyalty Holdings, Inc. (OTC PINK: LFAP) (“LGBTQ Loyalty”) (“the Company”), a financial company focused on diversity and inclusion methodology and data company, has entered into a new securities purchase agreement (SPA) with GHS Investments.
Pursuant to the SPA, the Company will have the right, in its sole discretion, to sell up to $ 10 million of Common Shares (subject to certain limitations) to GHS Investments, which does not have the right to require the Company that it sells shares, as a result of the effectiveness of a registration statement with the Securities and Exchange Commission registering the common shares issuable in accordance with the SPA. All fences are subject to other customary closing conditions. The purchase price of common shares is a fixed price per share equal to eighty percent (80%) of the lowest volume weighted average price (VWAP) during the ten (10) trading days preceding immediately a fence.
“This new agreement allows LGBTQ Loyalty Holdings to continue our financial relationship with GHS Investments for an extended period of 24 months while maintaining our commitment to withdraw our convertible notes,” said Bobby Blair, CEO of LGBTQ Loyalty Holdings. “We believe this funding will provide the Company with additional investment capital to develop our financial products focused on diversity and inclusion and help generate continued growth in revenue and value for our shareholders. “
The Company continues to prioritize the redemption of its notes, while focusing its efforts on continuing to create fundamental value and growth for shareholders.
For more information, please refer to the company’s current report on Form 8-K filed with the United States Securities and Exchange Commission on October 5, 2021. All questions regarding the SPA and other investor inquiries can be addressed to [email protected].
About LGBTQ Loyalty Holdings, Inc.
LGBTQ Loyalty is a diversity and inclusion-focused financial data and methodology company that quantifies companies’ alignment on equality with the LGBTQ community and minority interest groups. The company compared the first-ever U.S. Loyalty Preference Index, which it says allows the LGBTQ community to voice their preferences for the nation’s top performing companies most committed to promoting equality. The Loyalty Preference Index, known as the ESG LGBTQ100 Index, is an environmental, social and governance (ESG) index, providing an additional perspective for those looking to align with equality-driven and ESG-responsible companies. LGBTQ Loyalty’s leadership includes seasoned authorities from the financial industry and the LGBTQ community. For more information, please visit www.lgbtqloyalty.com.
About GHS Investissements
GHS Investments LLC is a leading private investment and management group providing financing solutions to high potential small businesses. GHS invests in public companies primarily as an equity investor and has been instrumental in the start-up and growth of many small, high potential companies since 2015. Matthew Schissler, Founder and Member of GHS, is an executive at GHS American company which has held managerial positions in a number of private and public companies. https://ghscap.com
Safe Harbor Declaration
This press release may contain certain “forward-looking statements” relating to the business of LGBTQ Loyalty Holdings, Inc. and its subsidiaries. All statements, other than statements of historical fact included in this document, are “forward-looking statements”. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be inaccurate. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various factors, including those discussed in the Company’s periodic reports which are filed with the Securities and Exchange Commission and available on its website at the address http: //www.sec.gov. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company assumes no obligation to update these forward-looking statements.
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Gregory FCA for LGBTQ Loyalty Holdings
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