UPDATE: Major League Football (MLFB) $10,000,000 Equity Line Stock Purchase Agreement Executed

ACCESSWIRE
11 May 2022, 03:37 GMT+10

LAKEWOOD RANCH, FL / ACCESSWIRE / May 10, 2022 / Major League Football, Inc. (OTC PINK:MLFB) is pleased to announce that it has entered into a binding Agreement with an institutional investor for an Equity Line Stock Purchase Agreement of up to $10,000,000 (Ten Million Dollars) of our Common Stock. The commencement of funding will occur when the Company's S-1 Registration Statement shall have been declared and remain effective by and with the Securities and Exchange Commission ('SEC').

Over the last few months, we have received a number of proposals from qualified, interested investors. Our Board of Directors and external advisors vetted all of them. We have entered into this Agreement, effective May 6, 2022. This commitment allows us to move forward with our plans for a 2022 Season. Over the next two weeks, we will be formally announcing our cities, the respective coaches assigned to each city, and the official schedule. 'This is a milestone we have all worked very hard to achieve and we look forward to providing our shareholders, fans and the public with exciting football - now and in future years' said CEO Frank Murtha.

Contact: Frank Murtha, President & CEO: f.murtha@mlfb.com

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/700790/UPDATE-Major-League-Football-MLFB-10000000-Equity-Line-Stock-Purchase-Agreement-Executed

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.

More Information

62 ℉

Fair in Cleveland/Burke

Business

Section

Bargain-hunting drives Wall Street higher, Nasdaq climbs 322 points

NEW YORK, New York - Bargain-hunters drove up the prices of stocks on U.S. markets on Tuesday."Our inputs today support ...

Indian ban on wheat exports expected to hike prices worldwide

NEW DELHI, India: India has banned the exporting of wheat, despite stating it was targeting record international shipments this year, ...

High import taxes prevent Tesla from selling cars in India

NEW DELHI, India: Tesla made known this week that it will not sell electric automobiles in India due to the ...

Hang Seng jumps sharply on possible China move to relax tech reform

SYDNEY, NSW, Australia - A potential easing of the Chinese government's crackdown on technology companies drove stocks in Hong Kong ...

Nepal to get free 21.9% of 490mw electricity every month

KATHMANDU, Nepal - The governments of Nepal and India have signed a bilateral memorandum of understanding for the construction of ...

Kia reports second most electric car sales in US, Ford close behind

LOS ANGELES, California: Kia has become the second largest manufacturer of electric vehicles sold in the United States, second only ...

Ohio

Section