Multicorp International, Inc.
Rhea-AI Summary
Multicorp International (OTC: MCIC) has secured a pledge of $500 million in Global X Cryptocurrency Stablecoin Tokens (GBP Pegged) from Sovereign Global Capital Management PTY This pledge serves as a guarantee for a $50 million loan from Edwards Capital N.A. 's correspondent bank.
The transaction is structured through 40 Brightwater 's leveraged buy-out pledge structure, with additional stablecoin transactions to follow once the initial collateralized loan closes. The commitment demonstrates Sovereign Global's confidence in Global X Cryptocurrency Stablecoin Tokens and aligns with MCIC's expansion initiatives.
The collaboration aims to create new pathways for financial growth and increase institutional adoption of cryptocurrency-backed financing solutions. MCIC, as a diversified company in health, energy, and agriculture, is pursuing strategic initiatives including joint ventures and acquisitions while strengthening its organizational infrastructure.
Positive
- Secured $500 million stablecoin pledge as collateral
- Imminent $50 million loan financing
- Strategic expansion through planned acquisitions and joint ventures
Negative
- Loan contingent on receipt of remaining collateral
- High collateral-to-loan ratio (10:1) may indicate risk concerns
AGOURA HILLS, CALIFORNIA, March 11, 2025 (GLOBE NEWSWIRE) -- Multicorp International, Inc. (OTC Markets PINK: MCIC) and 40 Brightwater LLC are pleased to announce that an initial
Additional Global X Cryptocurrency Stablecoin Tokens (GBP Pegged) transactions will be completed under 40 Brightwater LLC’s leveraged buy-out pledge structure immediately after the initial
Sovereign Global Capital Management Pty Limited commitment to this transaction underscores its confidence in the long-term viability of Global X Cryptocurrency Stablecoin Tokens and its strategic alignment with Multicorp International, Inc.’s ambitious expansion initiatives. By pledging
About Multicorp International, Inc.:
(https://multicorpinternational.com/)
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 Sovereign Global Capital Management PTY Limited (https://www.sovereignglobalcm.com):
Sovereign Global Capital Management (GPSC) is a private investment firm based in Sydney Australia. The company specializes in providing alternative investment solutions to high-net-worth individuals, family offices, and institutional investors. GPSC emphasizes tailored investment strategies that align with each client’s specific goals, risk tolerance, and time horizon. We offer personalized portfolio management and ongoing support to help clients navigate complex financial landscapes.
About Global X Cryptocurrency Stablecoin Tokens (GBP-pegged)
Global X is a stablecoin pegged directly to the Great British Pound. It is backed and secured by GBP deposited in the bank by the owner Global Exchange. The fiat in the bank is locked directly for the backing of Global X to provide a fully pegged value for the issuance of the minted coins in circulation. Along with a global focus on merchant tools, and circular economies, Global X is the first true representation of the digitized GBP.
About Edwards Capital N.A. LLC:
(https://www.edwardscapital.ca/)
Edwards Capital is a private Family Office focused on comprehensive, proactive, and robust solutions in the enhancement of private wealth based on 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.
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
This draft press release is for informational purposes only and should not be considered investment advice or a solicitation to purchase securities.
Forward-looking statements are not guarantees of future performance. These statements are based on current expectations and could differ materially from actual events.
FAQ
What is the value of the stablecoin pledge secured by Multicorp International (MCIC)?
How much is the loan that MCIC is securing through Edwards Capital?
What type of cryptocurrency tokens are being used as collateral for MCIC's loan?
What are MCIC's strategic initiatives mentioned in the announcement?
