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RENO, Nev. - nvtip -- NFiniTi Inc. (OTC Pink: NFTN), a Nevada-based corporation, today announced the execution of a $1 million Convertible Promissory Note with RH2 Equity Partners, a Delaware limited partnership, effective May 20, 2025. This strategic financing provides NFiniTi with $500,000 in immediate funding after applying a 50% Original Issue Discount, bolstering the company's growth initiatives.
Financing Details
The Convertible Promissory Note has a principal amount of $1,000,000, carries a 15% annual interest rate, and matures in 12 months. RH2 Equity Partners may convert outstanding principal and accrued interest into shares of NFiniTi's common stock at a conversion price equal to 75% of the lowest average daily trading price over the prior 30 trading days. NFiniTi retains the option to prepay the note with premiums ranging from 115% to 125%, depending on the prepayment timing.
Leadership Perspective
"We are thrilled to partner with RH2 Equity Partners on this financing, which strengthens our financial position to address working capital needs, general corporate purposes, and potential acquisitions," said Brian Johnston, Chief Executive Officer of NFiniTi Inc. "This agreement reflects our dedication to enhancing shareholder value and positioning NFiniTi for sustained growth."
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Transaction Terms
The agreement includes share reservation and registration rights to ensure compliance with securities laws. NFiniTi has directed its transfer agent to reserve sufficient shares for potential conversions and will file an S-1 Registration Statement within 30 days to register the shares issuable upon conversion.
Contact Information
For further details, please contact:
NFiniTi Inc.
80 W. Liberty Street, Suite 880
Reno, NV 89501
About NFiniTi Inc.
NFiniTi Inc. is a Nevada-based corporation focused on innovative solutions in the Ready to Drink Alcoholic Beverage Industry. Quoted on the OTC Pink Market under the symbol "NFTN," the company is committed to driving growth and delivering value to its stakeholders.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. These statements, which are not historical facts, are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially. NFiniTi undertakes no obligation to update these statements except as required by law.
Financing Details
The Convertible Promissory Note has a principal amount of $1,000,000, carries a 15% annual interest rate, and matures in 12 months. RH2 Equity Partners may convert outstanding principal and accrued interest into shares of NFiniTi's common stock at a conversion price equal to 75% of the lowest average daily trading price over the prior 30 trading days. NFiniTi retains the option to prepay the note with premiums ranging from 115% to 125%, depending on the prepayment timing.
Leadership Perspective
"We are thrilled to partner with RH2 Equity Partners on this financing, which strengthens our financial position to address working capital needs, general corporate purposes, and potential acquisitions," said Brian Johnston, Chief Executive Officer of NFiniTi Inc. "This agreement reflects our dedication to enhancing shareholder value and positioning NFiniTi for sustained growth."
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Transaction Terms
The agreement includes share reservation and registration rights to ensure compliance with securities laws. NFiniTi has directed its transfer agent to reserve sufficient shares for potential conversions and will file an S-1 Registration Statement within 30 days to register the shares issuable upon conversion.
Contact Information
For further details, please contact:
NFiniTi Inc.
80 W. Liberty Street, Suite 880
Reno, NV 89501
About NFiniTi Inc.
NFiniTi Inc. is a Nevada-based corporation focused on innovative solutions in the Ready to Drink Alcoholic Beverage Industry. Quoted on the OTC Pink Market under the symbol "NFTN," the company is committed to driving growth and delivering value to its stakeholders.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. These statements, which are not historical facts, are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially. NFiniTi undertakes no obligation to update these statements except as required by law.
Source: NFiniTi Inc.
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