General Enterprise Ventures Announces Closing of $6.3 Million Financing
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.
General Enterprise Ventures (OTCID:GEVI) ha chiuso con successo un finanziamento in azioni privilegiate di Serie C, raccogliendo 6,3 milioni di dollari di proventi lordi. Il finanziamento ha visto una significativa partecipazione interna, con le azioni valutate a 15,00 dollari per azione, convertibili in 3,333 azioni ordinarie.
Gli investitori hanno ricevuto una copertura di warrant del 50% con warrant exercitabili a 6,00 dollari per azione. L'azienda intende utilizzare i proventi per iniziative di crescita, espansione operativa e apertura a nuove opportunità di mercato. GEVI punta anche a quotarsi su una grande borsa nazionale per migliorare la sua presenza sul mercato.
General Enterprise Ventures (OTCID:GEVI) ha cerrado con éxito una financiación de acciones preferentes de Serie C, recaudando 6,3 millones de dólares en ingresos brutos. La financiación incluyó una participación significativa de insiders, con las acciones a un precio de 15,00 dólares por acción, convertible en 3,333 acciones ordinarias.
Los inversores recibieron una cobertura de warrants del 50% con warrants exercitables a 6,00 dólares por acción. La empresa planea utilizar los fondos para iniciativas de crecimiento, expansión operativa y para perseguir nuevas oportunidades de mercado. GEVI también apunta a cotizar en una gran bolsa nacional para realzar su presencia en el mercado.
General Enterprise Ventures (OTCID:GEVI)는 시리즈 C 우선주 펀딩를 성공적으로 마무리하고 총 수익으로 630만 달러를 모금했습니다. 당기 펀딩에는 내부자 참여도 큰 비중으로 포함되었으며, 주당 가격은 15.00달러이고 보통주로 3.333주로 전환될 수 있습니다.
투자자들은 50%의 워런트 커버리지를 받았으며 워런트은 주당 6.00달러에 행사 가능합니다. 회사는 이 자금을 성장 계획, 운영 확장 및 새로운 시장 기회 추구에 사용할 계획입니다. GEVI는 또한 시장 입지를 강화하기 위해 주요 국내 거래소에 상장하려 합니다.
General Enterprise Ventures (OTCID:GEVI) a réussi à clôturer un financement par actions privilégiées de Série C, levant 6,3 millions de dollars en recettes brutes. Le financement a inclus une participation importante d’initiés, avec des actions évaluées à 15,00 dollars par action, convertibles en 3,333 actions ordinaires.
Les investisseurs ont reçu une couverture de warrants de 50% avec des warrants exerçables à 6,00 dollars par action. La société prévoit d’utiliser les fonds pour des initiatives de croissance, l’expansion opérationnelle et la poursuite de nouvelles opportunités de marché. GEVI vise également à être admise sur une grande bourse nationale afin d’améliorer sa présence sur le marché.
General Enterprise Ventures (OTCID:GEVI) hat erfolgreich eine Series-C-Preferred-Stock-Finanzierung abgeschlossen und 6,3 Millionen US-Dollar brut eingenommen. Die Finanzierung beinhaltete eine bedeutende Insider-Beteiligung, mit Aktienpreis von 15,00 USD pro Aktie, wandelbar in 3,333 Stammaktien.
Investoren erhielten 50% Warrant-Coverage mit Warrants, die zu 6,00 USD pro Aktie ausübbar sind. Das Unternehmen plant, die Mittel für Wachstumsinitiativen, operative Expansion und die Erschließung neuer Marktchancen zu verwenden. GEVI beabsichtigt zudem, an einer großen nationalen Börse gelistet zu werden, um seine Marktpräsenz zu stärken.
General Enterprise Ventures (OTCID:GEVI) أتمت بنجاح إغلاق تمويل أسهم تفضيلية من السلسلة C، مرتفعة عائدات إجمالية قدرها 6.3 مليون دولار. شمل التمويل مشاركة داخلية كبيرة، حيث قُدرت الأسهم بسعر 15.00 دولاراً للسهم، قابلة للتحويل إلى 3.333 أسهم عادية.
المستثمرون تلقوا تغطية ضمانات بنسبة 50% مع عمليات شراء قابلة للممارسة عند سعر 6.00 دولارات للسهم. تخطط الشركة لاستخدام العائدات في مبادرات النمو، والتوسع التشغيلي، والسعي لفتح أسواق جديدة. كما تهدف GEVI إلى الارتقاء إلى قائمة بورصة وطنية كبرى لتعزيز حضورها في السوق.
General Enterprise Ventures (OTCID:GEVI) 已成功完成 C 轮优先股融资，在毛收入中筹集到 630万美元。该融资包括重要的内部人士参与，股票价格定为 15.00 美元 每股，可转换为 3.333 股普通股。
投资者获得了 50% 的权证覆盖，权证可在每股 6.00 美元执行。公司计划将资金用于增长举措、运营扩张及寻求新的市场机会。GEVI 还旨在上市到一个大型的国家证券交易所，以提升其市场影响力。
- 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
- Potential dilution from Series C preferred stock conversion
- Warrant exercise could lead to additional future dilution
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
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