GivBux to Acquire Charter House , Launch $50M Gold-Backed Expansion
Rhea-AI Summary
GivBux (OTC: GBUX) has announced a Letter of Intent to acquire Charter House, a gold-based financial services company, through a stock transaction of 1 million GBUX common shares. The acquisition includes potential additional shares based on revenue milestones.
Following the acquisition, GivBux plans to raise $50 million through a preferred stock offering to fund Charter House operations, including wholesale gold sales, proprietary coin minting, and gold-backed credit cards. Charter House will receive a portion of the preferred shares and hold 80% of the voting rights associated with these securities.
The shares issued for the acquisition will be subject to Rule 144 restrictions and won't include registration rights. The transaction remains subject to due diligence, definitive documentation, and regulatory approvals.
Positive
- Strategic expansion into gold-backed financial services sector
- Access to new revenue streams through wholesale gold sales and proprietary coin minting
- No immediate cash outlay required for acquisition (stock-based transaction)
Negative
- Significant shareholder dilution through 1M share issuance plus potential additional shares
- Charter House to control 80% of preferred share voting rights
- Additional $50M capital raise needed to fund operations
News Market Reaction – GBUX
In the trading session that priced this news, GBUX gained 33.90%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWPORT BEACH, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced it has signed a Letter of Intent to acquire
Under the terms of the non-binding agreement, Charter House would receive 1 million shares of GivBux common stock upon closing, subject to the satisfaction of standard closing conditions, including due diligence and definitive documentation. The shares will not include registration rights and will be subject to Rule 144 restrictions under the Securities Act of 1933.
Charter House Trust would also be eligible to receive additional shares of GivBux common stock based on the achievement of certain revenue milestones post-closing.
Additionally, GivBux intends to raise
“This proposed acquisition represents a significant strategic opportunity for GivBux to expand into the gold-backed financial services sector,” said Umesh Tim Singh, president of GivBux, Inc. “Charter House Trust brings a compelling vision, and we’re excited about the synergies this transaction could unlock across both organizations.”
As part of the preferred offering, Charter House will receive a portion of the preferred shares and will hold
The proposed transaction remains subject to customary closing conditions, including regulatory approvals and the execution of definitive agreements.
About GivBux, Inc.
The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back."
The GivBux Super App is free to use and available now on the Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App constantly evolves and adds new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation.
GivBux is forging a new path in e-commerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit https://givbux.com.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Umesh Singh, President
Email: ir@Givbux.com
www.GivBux.com
Instagram: https://www.instagram.com/givbux/
X (formerly Twitter): https://twitter.com/givbux
