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RENO, Nev. - nvtip -- NFiniTi Inc. (OTC Pink: NFTN), a Nevada-based corporation, today announced the execution of a $20 million Equity Line of Credit (ELOC) Agreement with RH2 Equity Partners, a Delaware limited partnership, effective May 20, 2025. This agreement provides NFiniTi with flexible access to capital over a two-year commitment period to support its strategic growth objectives.
Agreement Details
Under the ELOC, NFiniTi may, at its discretion, issue and sell up to $20 million of newly issued common stock shares to RH2 Equity Partners, subject to a maximum issuance of 19.99% of the company's outstanding shares without shareholder approval. The purchase price will be based on market conditions, with Rapid Purchase Notices priced at 50% of the lowest intraday trade price or VWAP Purchase Notices at 60% of the lower of the lowest closing or average daily trading price over a specified pricing period.
Leadership Perspective
"This Equity Line of Credit equips NFiniTi with a strategic tool to access capital efficiently, empowering us to advance our business strategy and seize growth opportunities," said Brian Johnston, Chief Executive Officer of NFiniTi Inc. "We are grateful for RH2 Equity Partners' confidence in our vision and their commitment to supporting our growth."
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Transaction Terms
The ELOC is supported by a Registration Rights Agreement, requiring NFiniTi to file a Form S-1 Registration Statement within 30 days to register the resale of shares issued under the agreement. The transaction includes provisions to ensure compliance with securities laws and to maintain NFiniTi's listing on the OTC Pink Market.
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 dedicated 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.
Agreement Details
Under the ELOC, NFiniTi may, at its discretion, issue and sell up to $20 million of newly issued common stock shares to RH2 Equity Partners, subject to a maximum issuance of 19.99% of the company's outstanding shares without shareholder approval. The purchase price will be based on market conditions, with Rapid Purchase Notices priced at 50% of the lowest intraday trade price or VWAP Purchase Notices at 60% of the lower of the lowest closing or average daily trading price over a specified pricing period.
Leadership Perspective
"This Equity Line of Credit equips NFiniTi with a strategic tool to access capital efficiently, empowering us to advance our business strategy and seize growth opportunities," said Brian Johnston, Chief Executive Officer of NFiniTi Inc. "We are grateful for RH2 Equity Partners' confidence in our vision and their commitment to supporting our growth."
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Transaction Terms
The ELOC is supported by a Registration Rights Agreement, requiring NFiniTi to file a Form S-1 Registration Statement within 30 days to register the resale of shares issued under the agreement. The transaction includes provisions to ensure compliance with securities laws and to maintain NFiniTi's listing on the OTC Pink Market.
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 dedicated 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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