The securities were offered pursuant to an effective shelf registration statement on Form S-3 (File No. The initial conversion price equal to an over 80% premium to the market price of the Company’s common stock on October 29 th, 2021 sets enterprise value at over $700 million upon conversion.ĮF Hutton, division of Benchmark Investments, LLC, acted as the exclusive placement agent for the offering. The note will mature 24 months from the closing date.
#Greenbox pos full
Now with a fortified balance sheet, GreenBox is one crucial step closer to achieving our long-term vision of becoming the financial infrastructure for the new blockchain based future of banking and operating as a point-of-sale, PayFac, card issuance, and full banking platform around the world.” The world of financial payments is ripe for disruption largely based on legacy architecture and painstaking processes for businesses to transact. “This financing round not only fuels the next stage of progress for GreenBox and our planned stablecoin spin-off, Coyni, but also demonstrates our organization’s focus on executing against lofty goals,” said Ben Errez, GreenBox POS Chairman. The Company plans to use proceeds for acquisitions, to jumpstart the Coyni stablecoin custodial revolver and apply additional working capital toward the Company’s future growth, this is a significant milestone in executing the Company’s growth plans. GreenBox POS, an emerging fintech company that leverages proprietary blockchain security and token technology to create customized payment solutions, today announced the closing of its previously announced $100 million convertible note financing ($84 million following the deduction of an original issue discount).
0 kommentar(er)
