other material
confidence high
sentiment neutral
materiality 0.50
Mangoceuticals enters service agreement with Greentree, issues 40k shares and draws $159,950 from ELOC
MANGOCEUTICALS, INC.
- Service agreement with Greentree Financial Group for compliance filings, accounting advice, and tax return preparation; fee of $40,000 cash plus 40,000 restricted common shares.
- CFO Eugene M. Johnston serves as Audit Manager for Greentree, creating a related-party transaction.
- Term through October 15, 2025; early termination by Company triggers immediate payment of full cash fee.
- Separate ELOC draw: 75,000 shares sold to Platinum Point Capital on December 4, 2024, netting $159,950.
- All shares issued are unregistered, exempt under Section 4(a)(2) and Rule 506 of Regulation D.