Institutional Investment Fund to Invest 5M in Demand Brands (DMAN)
DEMAND BRANDS INC (DMAN)
Company Research
Source: Accesswire
SACRAMENTO, CA / ACCESSWIRE / October 13, 2021 / Demand Brands, Inc. (OTC PINK:DMAN), ("Company" or "DMAN"), which markets products via its Lucky Chief brand http://www.luckychief.com announced today that it has entered into a Common Stock Purchase Agreement (the "CSPA") with an Institutional Investment Fund ("Fund ") for a $5 million equity investment into the Company.The CSPA with the Fund, which is one of the largest student and alumni venture funds in the US, requires DMAN to audit its Financial Statements, become a fully reporting SEC company and up list. The Company has also granted the Fund an opportunity to purchase an additional $5 million of the Company stock via warrant agreements. The Company is in the process of engaging an auditor and expects to make an application to up list prior to the end of the year. The Fund is primarily focused on investments that will have a lasting positive impact on the Millennial generation and maintains a diverse portfolio of investments in b
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