Gopher Closes Financing Providing Up to $7,500,000 in Funding
GOPHER PROTOCOL (GOPH)
NASDAQ:AMEX Investor Relations:
gopherprotocol.com/investors
Company Research
Source: GlobeNewswire
$4,500,000 Funded at Closing $3,000,000 Funded During Next 3 Months Santa Monica, CA, Dec. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” or the “Company”), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, announced today that it entered into a financing with an unaffiliated third-party institutional investor (the “Investor”), pursuant to which Gopher (i) issued to the Investor a Senior Secured Redeemable Convertible Debenture (the “Debenture”) in the aggregate face value of $8,340,000 and (ii) granted to the Investor a three-year Common Stock Purchase Warrant for the purchase of up to 22,500,000 shares of the Company’s common stock, in consideration of $7,500,000, of which Gopher received $4,500,000 as of the closing and is to receive three additional tranches of $1,000,000 on the first, second,
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