other material
confidence high
sentiment neutral
materiality 0.50
Giftify prices $600K public offering of 600K shares at $1.00 per share
GIFTIFY, INC.
- Offering of 600,000 shares of common stock at $1.00/share, gross proceeds $600,000.
- Net proceeds after placement agent fees and expenses total $483,000.
- Craft Capital Management LLC acting as sole placement agent; CEO Ketan Thakker agrees to 30-day lock-up.
- Proceeds to be used for general corporate purposes, capital expenditures, working capital, and G&A.
- Offering closed on January 16, 2025 under effective shelf registration statement.