other material
confidence high
sentiment positive
materiality 0.75
Kisses From Italy secures $7.5M standby equity commitment from MacRab LLC
Kisses From Italy Inc.
- Up to $7,500,000 in common stock sales over 24 months at 90% of 6-day VWAP.
- MacRab also receives 5-year warrant for 750,000 shares with cashless exercise.
- Company to file S-1 registration statement for shares within 60 days.
- Financing follows franchise openings in Chino, CA and Montreal, Canada.
- Company partners with Fransmart for franchise development and Cuisine Solutions for hoodless/ventless ops.