other material
confidence high
sentiment negative
materiality 0.65
Kisses from Italy amends warrant with Jefferson Street Capital; issues 3M shares
Kisses From Italy Inc.
- Entered Amendment to Common Stock Purchase Warrant (dated May 24, 2023) with Jefferson Street Capital LLC on June 21, 2023.
- Amendment excludes stock issuances to MacRab LLC, officers, directors, vendors, and suppliers from exercise price adjustment.
- In consideration, company issued 3,000,000 shares of common stock to lender.
- Shares issued without registration under Section 4(2) of Securities Act and Regulation D to an accredited investor.
- Warrant originally allows purchase of up to 1,000,000 shares at $0.10 per share, exercisable cashless unless registration effective.