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SinglePoint | 8-K: Current report

SEC announcement ·  Jun 25 05:16
Summary by Futu AI
SinglePoint Inc. has entered into a material definitive agreement with Bucktown Capital, LLC on June 18, 2024, involving the partitioning and exchange of a promissory note for shares of common stock. The agreement resulted in the reduction of the outstanding balance of the original note by approximately $133,912 and the issuance of 1,077,851 shares to Bucktown Capital. Concurrently, SinglePoint faces delisting challenges from the Cboe BZX Exchange due to non-compliance with several listing standards, including minimum bid price, timely filing of financial reports, and minimum market value. The company received a delisting notice on June 18, 2024, with suspension of trading set for June 27, 2024. SinglePoint has requested a hearing before a Hearings Panel to seek an extension for compliance and has taken steps to regain compliance with the exchange's listing requirements. The outcome of these efforts and the hearing is uncertain.
SinglePoint Inc. has entered into a material definitive agreement with Bucktown Capital, LLC on June 18, 2024, involving the partitioning and exchange of a promissory note for shares of common stock. The agreement resulted in the reduction of the outstanding balance of the original note by approximately $133,912 and the issuance of 1,077,851 shares to Bucktown Capital. Concurrently, SinglePoint faces delisting challenges from the Cboe BZX Exchange due to non-compliance with several listing standards, including minimum bid price, timely filing of financial reports, and minimum market value. The company received a delisting notice on June 18, 2024, with suspension of trading set for June 27, 2024. SinglePoint has requested a hearing before a Hearings Panel to seek an extension for compliance and has taken steps to regain compliance with the exchange's listing requirements. The outcome of these efforts and the hearing is uncertain.

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