SinglePoint raises $1M via $1.25M convertible notes and warrants, pledges subsidiary

SinglePoint Inc.

Issued $1,250,000 in 12% OID convertible notes due April 26, 2026; net proceeds of $1,000,000 to SinglePoint.
Pre-funded warrants to purchase 1,000,000 shares of common stock at $0.0001 per share.
Pledged 100% membership interests in The Boston Solar Company LLC as collateral for the notes.
Registration rights agreement requires filing S-1 within 150 days for resale of conversion and warrant shares.
Investor may receive up to 9.95% of Box Pure Air LLC if spin-out occurs within 6 months; otherwise put/call at 4x principal.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SinglePoint Inc. entered into Securities Purchase Agreement with Target 10 Capital LLC valued at $1,000,000 (effective 2024-04-26).

Action: entry
Agreement: equity purchase
Counterparty: Target 10 Capital LLC
Value: $1,000,000
Effective: 2024-04-26

Exact text from the filing

On May 8, 2024, Singlepoint Inc. (the “Company”) completed a private placement pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) dated as of April 26, 2024 with Target 10 Capital LLC (the “Investor”).

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Source: SEC EDGAR

accession 0001477932-24-002646

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