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SinglePoint | 8-K: Current report

SEC announcement ·  Feb 28 05:14
Summary by Futu AI
On February 22, 2024, SinglePoint Inc., a Nevada-based company, entered into a material definitive agreement with Bucktown Capital, LLC. According to the Exchange Agreement dated February 16, 2024, SinglePoint and Bucktown Capital agreed to partition a new promissory note from an original note dated July 13, 2021, with a principal amount of $1,580,000. The agreement stipulates that the outstanding balance of the original note will be reduced to $95,000. Additionally, the partitioned note will be exchanged for 296,652 shares of SinglePoint's common stock. This transaction was conducted in reliance upon an exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. The details of this agreement were disclosed in SinglePoint's Current Report on Form 8-K filed with the SEC, which includes the full text of the Exchange Agreement as Exhibit 10.1.
On February 22, 2024, SinglePoint Inc., a Nevada-based company, entered into a material definitive agreement with Bucktown Capital, LLC. According to the Exchange Agreement dated February 16, 2024, SinglePoint and Bucktown Capital agreed to partition a new promissory note from an original note dated July 13, 2021, with a principal amount of $1,580,000. The agreement stipulates that the outstanding balance of the original note will be reduced to $95,000. Additionally, the partitioned note will be exchanged for 296,652 shares of SinglePoint's common stock. This transaction was conducted in reliance upon an exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. The details of this agreement were disclosed in SinglePoint's Current Report on Form 8-K filed with the SEC, which includes the full text of the Exchange Agreement as Exhibit 10.1.
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