General Enterprise Ventures Announces Closing of $6.3 Million Financing
Rhea-AI Summary
General Enterprise Ventures (OTCID:GEVI) has successfully closed a Series C Preferred Stock financing, raising $6.3 million in gross proceeds. The financing included significant insider participation, with shares priced at $15.00 per share, convertible into 3.333 shares of common stock.
Investors received 50% warrant coverage with warrants exercisable at $6.00 per share. The company plans to use the proceeds for growth initiatives, operational expansion, and pursuing new market opportunities. GEVI also aims to uplist to a major national stock exchange to enhance its market presence.
Positive
- Raised $6.3 million in gross proceeds to strengthen balance sheet
- Strong insider participation demonstrates management confidence
- Strategic plans for uplisting to major national stock exchange
- 50% warrant coverage provides additional investment incentive
Negative
- Potential dilution from Series C preferred stock conversion
- Warrant exercise could lead to additional future dilution
News Market Reaction
On the day this news was published, GEVI gained 1.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Insider Participation Underscores Strong Conviction Strong in Strategy and Growth Opportunities.
OCEANSIDE, CA / ACCESS Newswire / September 30, 2025 / General Enterprise Ventures, Inc. (OTCID:GEVI) today announced the successful closing of a Series C Preferred Stock financing, raising
The financing round included participation from company insiders Ted Ralston, chief executive officer; Andrew Hotsko, chief operating officer; Steve Conboy, founder of Mighty Fire Breaker LLC and chief technology officer; and Wes Bolsen, director; as well as Bolt Rock Holdings. Their involvement underscores confidence in GEVI's strategic direction and long-term value creation.
The Series C Preferred Stock was issued at
"This capital raise strengthens our balance sheet and positions GEVI to accelerate the execution of our growth strategy," said Ted Ralston, CEO of Mighty Fire Breaker. "We are honored to have the support of such respected investors who share our vision for building long-term shareholder value through innovation and disciplined expansion. With this financing completed, we are now in a stronger position to pursue an uplisting to a major national stock exchange, an important step toward elevating our presence within the investment community and broadening our shareholder base."
Proceeds from the financing will be used to support corporate growth initiatives, expand operational capacity and pursue new market opportunities in line with the company's strategic roadmap.
Univest Securities LLC acted as exclusive placement agent for the offering.
For more information on Mighty Fire Breaker, visit www.mightyfirebreaker.com.
About General Enterprise Ventures, Inc.
General Enterprise Ventures, Inc., through its wholly owned subsidiary Mighty Fire Breaker, LLC, offers an innovative portfolio of non-toxic and environmentally safe wildfire defense solutions. The Company's offerings include wildfire home defense systems, mobile and ground application systems, and products for use in the manufacturing of fire-resilient building products.
Mighty Fire Breaker's CitroTech fire inhibitor is the only fire inhibitor designated as EPA Safer Choice and also has UL GREENGUARD GOLD certification.
Twitter: @GEVIOfficial
Website: https://generalenterpriseventures.com/
Investor Relations Contact:
Brett Maas, Managing Principal
Hayden IR, LLC
brett@haydenir.com
(646) 536-7331
Univest Securities, LLC Contact:
Bradley Richmond
Chief Operating Officer
Co-Head of Investment Banking
(914)714-8615
brichmond@univest.us
SOURCE: General Enterprise Ventures, Inc.
View the original press release on ACCESS Newswire
FAQ
How much did General Enterprise Ventures (GEVI) raise in their Series C financing?
What is the conversion rate for GEVI's Series C Preferred Stock?
Who participated in GEVI's Series C financing round?
What will GEVI use the Series C financing proceeds for?
What are the terms of the warrants issued in GEVI's financing?
