Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies
Rhea-AI Summary
Avant Technologies (OTCQB:AVAI) has entered an Equity Financing Agreement with GHS Investments, securing up to $20 million in registered common stock purchases. This agreement provides Avant with a financial safety net as it continues developing AI data center infrastructure solutions and explores expansion into other technology sectors, including biotechnology.
CEO Kenneth L. Waggoner views this agreement as an "insurance policy" that supports Avant's current efforts and potential growth. The company aims to attract institutional investors with its expansion plans, while the GHS equity line offers backup capital if needed. GHS, a leading private investment group, specializes in supporting high-potential small-cap companies in emerging market sectors.
Positive
- Secured up to $20 million in potential funding through an Equity Financing Agreement with GHS Investments
- Exploring expansion into additional technology sectors, including biotechnology
- Potential to attract institutional investors with expansion plans
Negative
- Potential dilution of existing shareholders' equity if the company issues new shares under the agreement
- Uncertainty regarding the timing and amount of stock purchases, as it's at Avant's discretion
LAS VEGAS, NV / ACCESSWIRE / July 30, 2024 / Avant Technologies, Inc. (OTCQB:AVAI) ("Avant"), an emerging technology company developing solutions in artificial intelligence (AI) data center infrastructure, today announced that it has entered an Equity Financing Agreement ("Investment Agreement") with GHS Investments (GHS). Pursuant to the Investment Agreement, GHS has agreed to purchase up to
Avant's Chief Executive Officer, Kenneth L. Waggoner, said of the Investment Agreement, "This relationship with GHS serves as an insurance policy, of sorts, as we continue our efforts to deliver infrastructure solutions to AI and big data companies, organizations, and institutions. It also covers us as we begin to explore broadening our footprint in the technology sector beyond AI.
"Our expectation is to attract institutional investors as we present our plan to expand into other technologies, including the biotechnology sector to high-level investors. The equity line from GHS offers Avant the necessary capital should it become necessary. We appreciate the confidence that GHS has placed in Avant and our future in the technology industry."
GHS is a leading private investment and management group providing financial solutions for high-potential small-cap companies. GHS has made investments into multiple successful portfolio companies in the small cap space that are seeking capital to measurably grow and scale their existing businesses to take advantage of emerging market sectors.
About Avant Technologies, Inc.
Avant Technologies, Inc. is at the forefront of AI innovation, specializing in the development and deployment of advanced data processing solutions. With a focus on pushing the boundaries of what is possible in AI and machine learning, Avant serves a diverse range of industries, driving progress and efficiency through state-of-the-art technology.
More information about Avant can be found at https://avanttechnologies.com
You can also follow us on social media at:
https://twitter.com/AvantTechAI
https://www.linkedin.com/company/avant-technologies-ai
https://www.facebook.com/AvantTechAI
https://www.youtube.com/@AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
SOURCE: Avant Technologies, Inc.
View the original press release on accesswire.com
FAQ
What is the value of the Equity Financing Agreement between Avant Technologies (AVAI) and GHS Investments?
What sectors is Avant Technologies (AVAI) planning to expand into beyond AI?
How does Avant Technologies (AVAI) plan to use the funds from the GHS Investments agreement?
When will GHS Investments purchase stock from Avant Technologies (AVAI) under the new agreement?
