other material
confidence high
sentiment neutral
materiality 0.50
Bubblr terminates $10M equity line with White Lion Capital; issues 103,000 additional shares
Bubblr Inc.
- Terminated Common Stock Purchase Agreement with White Lion Capital that allowed up to $10M in stock purchases.
- Bubblr issued 103,000 additional shares to White Lion as termination consideration, total held becomes 206,000.
- Bubblr agreed to register all 206,000 shares on Form S-1 for resale at fixed price until OTCQB tier.
- Mutual release of all claims under the Purchase Agreement and Registration Rights Agreement.