MLFB Announces $5,000,000 Stock Equity Term Sheet Announcement
Rhea-AI Summary
Major League Football (OTC PINK:MLFB) announced on August 18, 2022, the receipt of a $2,500,000 Stock Equity Term Sheet from an institution. Additionally, on August 22, 2022, the company revealed it has secured a further $5,000,000 Stock Equity Term Sheet from another institution. The CEO, Frank Murtha, confirmed that MLFB remains committed to fulfilling its obligations as it prepares for a full Spring football season in 2023. The company is currently reviewing these proposals and expects a third term sheet from a prior institutional investor.
Positive
- Secured $5,000,000 Stock Equity Term Sheet, enhancing financial position.
- Continued commitment to preparing for a full Spring football season in 2023.
Negative
- None.
News Market Reaction – MLFB
In the trading session that priced this news, MLFB gained 21.74%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAKEWOOD RANCH, FL / ACCESSWIRE / August 22, 2022 / On August 18, 2022 Major League Football (OTC PINK:MLFB) announced that it had received a
Contacts:
Frank Murtha, CEO
F.murtha@mlfb.com
Kevin Mclenithan, IR
k.mclenithan@mlfb.com
SOURCE: Major League Football, Inc.
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https://www.accesswire.com/713001/MLFB-Announces-5000000-Stock-Equity-Term-Sheet-Announcement