MultiCorp International, Inc. Formalizes Agreement to LBO Bitcoin
Rhea-AI Summary
MultiCorp International (OTC: MCIC) has announced plans to purchase $25 million in Bitcoin through a leveraged buy-out structure funded by Edwards Capital N.A. 's correspondent bank loan. This Bitcoin acquisition represents the first of several planned diversified assets for MCIC.
The company previously announced on February 12th, 2025, that it would receive a $50 million collateralized loan from Edwards Capital's correspondent bank for targeted acquisitions. MCIC, which describes itself as a diversified leader in health, energy, and agriculture, is pursuing joint ventures and acquisitions while strengthening its organizational infrastructure.
The agreement involves collaboration with 40 Brightwater , a private holding company specializing in merging private entities with public companies.
Positive
- Secured $50 million in collateralized loan funding
- Strategic expansion into Bitcoin investment with $25 million initial purchase
- Access to additional capital through collateralized loan structure
Negative
- Significant leverage exposure through LBO structure
- Risk associated with volatile Bitcoin investment
- Trading on OTC Pink market indicates lower tier exchange listing
AGOURA HILLS, CALIFORNIA, Feb. 21, 2025 (GLOBE NEWSWIRE) -- MultiCorp International, Inc. (OTC Markets PINK: MCIC) and 40 Brightwater LLC are pleased to announce their current discussions to purchase an initial
The initial
As previously announced on February 12th, 2025 a
About MultiCorp International, Inc.:
MultiCorp International, Inc., a diversified leader in health, energy and agriculture, announces a series of strategic initiatives aimed at accelerating its growth and expanding its market presence. The company is actively pursuing joint ventures and acquisitions, is fortifying its organizational infrastructure and is preparing for significant advancements in the stock market.
About Edwards Capital N.A. LLC:
Edwards Capital is a private Family Office focused on comprehensive, proactive, and robust solutions in the enhancement of private wealth based on robust strategic initiatives in and approaches to specific asset classes and financial markets. The Office is dedicated to pursuing optimal bespoke solutions to achieve the best outcomes with consistent results.
https://www.edwardscapital.ca/
About 40 Brightwater LLC:
40 Brightwater LLC is a private holding company focusing specifically on acquiring private entities and merging its holdings with public companies by leveraging its financial network and resources through its Managing Member, President & CEO Shannon Newby.
Disclaimer
This press release does not constitute an offer to sell or solicit an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under applicable securities laws. Any offer will be made only through a prospectus supplement and accompanying base prospectus as part of an effective registration statement.
Contact Information: J. A. Coleman, J.a.coleman1512@gmail.com
FAQ
How much Bitcoin is MCIC planning to purchase initially?
What is the total value of the collateralized loan secured by MCIC?
When did MCIC announce their collateralized loan agreement?
What is the purpose of MCIC's Bitcoin investment strategy?
Which partners are involved in MCIC's Bitcoin acquisition plan?
