Update: MultiCorp International, Inc. Announces a Quadripartitie Agreement
Rhea-AI Summary
MultiCorp International (OTC: MCIC) has announced a significant Quadripartite Agreement executed on March 26, 2025, involving a pending $2 billion credit transfer from a top 10 European Bank to Neoforma Inc. Through this agreement, Neoforma Inc. will provide MCIC with a credit line of up to $1.8 billion.
The funds will be used to execute previously announced transactions involving Global X Cryptocurrency Stablecoin Tokens (GBP-pegged), Bitcoin, and gold-backed Cryptocurrency Tokens. Additionally, the company plans to acquire a mineral property in Michigan and cover corporate expenditures. This agreement expands MCIC's alliance with 40 Brightwater 's Global Financial Consortium, which now includes Neoforma Inc. and Airavata Developers
Positive
- Secured access to substantial financing through $1.8B credit line
- Strategic expansion through planned mineral property acquisition in Michigan
- Enhanced liquidity through partnership with major financial institutions
Negative
- Heavy reliance on debt financing through credit lines
- Execution risk in cryptocurrency transactions
- Pending status of credit transfer indicates deal uncertainty
AGOURA HILLS, CALIFORNIA, April 14, 2025 (GLOBE NEWSWIRE) -- MultiCorp International, Inc. (OTC Markets PINK: MCIC) Multicorp International, Inc. is pleased to announce the execution of a Quadripartite Agreement on March 26, 2025 and the currently pending
Multicorp International, Inc.'s alliance with 40 Brightwater LLC's Global Financial Consortium inclusive of Neoforma Inc. and now Airavata Developers Corporation has expanded immediate access to greater liquidity, which will be added to the previously announced financings from Edwards Capital N.A. correspondent bank.
In turn, Neoforma Inc. will provide a line of credit to MultiCorp International, Inc. in an amount of up to
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 Neoforma Inc. :
Neoforma Inc. is a Minnesota based privately held corporation and a global leader in Software & Technology. The company has now diversified into International finance including private equity and has operations globally, including India, the UAE, the UK, Mexico and the United States and serves clients globally. Its client base includes numerous global corporations as well as government entities.
About Airavata Developers Corporation:
Airavata Developers Corporation is a prominent international construction firm that has carved a niche for itself in the design and construction of commercial and industrial infrastructure. With a commitment to excellence, we specialize in a wide array of services that encompass every phase of the construction process, including comprehensive pre-construction planning, meticulous project management, and effective general contracting. Each of these services is tailored to meet the specific needs and demands of our diverse clientele, ensuring that we not only meet but exceed their expectations.
At the helm of our organization are the highly respected Principal Partners, Alan Khara, who serves as the Chief Executive Director and Chairman, and David D. Brannon, the Executive Financial Director. Together, they bring a wealth of experience and knowledge to the company. Their unwavering dedication extends beyond just business; they are passionately committed to fostering community excellence. This commitment is demonstrated through substantial efforts in promoting global economic development while simultaneously focusing on job creation within the communities we operate. Their leadership style emphasizes ethical practices, innovative thinking, and a deep responsibility toward societal well-being.
Airavata Developers Corporation has set forth an ambitious goal: to emerge as the global leader within this ever-evolving and dynamic construction industry. To achieve this vision, we place a strong emphasis on delivering exceptional service that stands out in a competitive marketplace. This is complemented by our proactive approach in integrating cutting-edge technology and state-of-the-art materials into our projects. By continually investing in the latest advancements in construction techniques and environmental sustainability, we ensure that our infrastructure not only meets current industry standards but also anticipates future demands.
Our commitment to quality, sustainability, and innovation drives every project we undertake, ensuring that we consistently remain at the forefront of industry trends and client expectations.
David Brannon Chief Financial Director/ Partner
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 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 credit line provided to MCIC through the Quadripartite Agreement?
How will MCIC use the funds from the new credit line?
When was the Quadripartite Agreement executed by MCIC?
What is the amount of the pending credit transfer from the European Bank in MCIC's agreement?
