Kisses From Italy amends equity line to lower minimum purchase price to $0.001 per share

Kisses From Italy Inc.

Minimum purchase price reduced from $0.10 to $0.001 per share under equity line with MacRab LLC.
Company retains right to sell up to $7.5M in common stock through Nov 22, 2023.
Each put minimum $10,000; maximum lower of 200% of avg daily volume or $250,000.
75 million shares registered for the agreement; warrant for 750,000 shares unchanged.

item 1.01 item 9.01

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

Kisses From Italy Inc. amended Amendment with MacRab LLC valued at $7,500,000 (effective 2023-03-27).

Action: amendment
Agreement: equity purchase
Counterparty: MacRab LLC
Value: $7,500,000
Effective: 2023-03-27

Exact text from the filing

On March 27, 2023, Kisses From Italy Inc., a Florida corporation (the “Company”), entered into Amendment #1 (the “Amendment”) to the Standby Equity Commitment Agreement, dated November 22, 2021 (the “Agreement”), with MacRab LLC, a Florida limited liability company (the “Investor”).

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Kisses From Italy Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-001895

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