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BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a healthcare products and services provider, today announced that it has entered into a Securities Purchase Agreement (the “SPA”) with two institutional investors (the “Holders”) to sell certain senior secured convertible notes of the Company in a private placement in the aggregate principal amount of $7,800,000 in the aggregate original principal amount of $6,500,000, representing an aggregate original issue discount of 20% (the “Convertible Notes”). The Convertible Notes do not bear interest except upon the occurrence of certain events of default.
Pursuant to the SPA, the Convertible Notes will be issued to the Holders, together with 4-year warrants to acquire 1,800,000 shares of the Company’s common stock (the “Warrants”), subject to certain adjustments. The Warrants are exercisable at any time or times after the Stockholder Approval Date (as defined below) in whole or in part, at the option of the holders thereof, for shares of the common stock for an exercise price of $0.71. Under the SPA, the Company agreed to hold a stockholder meeting, by no later than February 15, 2022 (the “Stockholder Approval Date”) to approve resolutions authorizing the issuance of shares of common stock under the Convertible Notes and the Warrants for the purposes of compliance with the stockholder approval rules of the Nasdaq Stock Market. If such approval is not received by the Stockholder Approval Date, the Company is obligated to continue to secure such stockholder approval by May 15, 2022 and every six months thereafter until such approval is obtained.
Each Convertible Note has a face amount of $3,900,000 for which each Holder will pay $3,250,000 in cash. Additional Convertible Notes in an aggregate original principal amount not to exceed $3,900,000 may also be issued to the Holders under the SPA at a later date under certain circumstances. The Convertible Notes mature on the 18-month anniversary of the issuance date, are payable by the Company in installments. The Convertible Notes are convertible at any time after the Stockholder Approval Date in whole or in part, at the option of the Holders into shares of the Company’s common stock at a rate equal to the amount of principal, interest (if any) and unpaid late charges (if any), divided by a conversion price of $0.65. The floor price per share at which a Convertible Note may be converted is $0.1557.
The Company intends to use the net proceeds from this offering for general corporate and working capital purposes.
The offering is expected to close on or about November 25, 2021, subject to the satisfaction of customary closing conditions.
FT Global Capital Inc. acted as the exclusive placement agent in connection with the private offering.
The securities to be sold in the private offering have not been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. The Company has agreed to file one or more registration statements with the SEC registering the resale of the shares of common stock issuable upon exercise and/or conversions of the securities in the private offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Wow indeed…crazy volume pre-market…can’t wait for the opening bell
EOD push coming?
BIMI moving
Looking good this morning…i’m in at 1
Gap is almost closed...nice setup
Finally the deal with Carbon is closed
what's next? looking forward to the next steps
BIMI ~ watch the intraday bounce at 1 - great Q3 results
Also added at 3.2
Preparing to break 6
We need some more volume
Damn i got in at 5.35
Huge gap…getting filled a bit
ISIN-code is US25659W1009
Mine just popped up in my account
Nice buy…0.5 coming soon
Anyone knows if they’re planning an uplist?
FTRK - breakout ongoing
Thx for the reply, well let’s just enjoy the run
Dollars with 6 billion shares OS seems realistic?
Lets crack that 0.245 ??
IQST – iQSTEL Enters Negotiations That Could Add Millions In Annual Revenue Through Partnership With Ago Bank Corporation (Video)
New York, NY – July 27, 2021 – iQSTEL, Inc. (OTCQB: IQST) today announced entering into negotiations with Ago Bank Corporation to establish a partnership that expands the financial services Ago can provide to its clients by connecting to iQSTEL’s Global Money One MAXMO/VIMO Ecosystem.
Global Money One Inc, a subsidiary of iQSTEL that recently launched its MAXMO/VIMO Fintech Ecosystem. The MAXMO Ecosystem is live and the VIMO Ecosystem will be live soon.
The MAXMO Ecosystem provides clients with a Mastercard Debit Card, a US Bank Account, a Mobile App/Wallet, Cryptocurrency exchange services, Remittances, and Mobile Top Up.
AGO Bank Corporation has a network of 10,000 agents in Latin America to include having agents in regions where it is typically difficult to reach clients like in Venezuela.
In an AGO and iQSTEL partnership, AGO will be able to offer a broader array of financial services to its clients and iQSTEL will have the growth potential for its Global Money One MAXMO/VIMO Fintech Ecosystem that comes with having access to 10,000 agents.
Leandro Iglesias commented: "We are very excited about the potential
partnership with AGO. The remittance services reach into “hard to reach” countries that comes with the AGO partnership is a substantial and key component of this opportunity. The partnership will also benefit our new EVoss division (Electric Vehicle Division) as we take advantage of the AGO relationship to market an EVoss electric motorcycle packaged with AGO purchase financing within the Latin American regions.”
While negotiations are still in an early stage, we anticipate the partnership coming together with the potential to add several million dollars in annual revenue for iQSTEL.
AGO Bank Corporation is a Bank 3.0, built on a high-tech platform, but still maintaining a human touch through its 10,000 agents that differentiates it from other emerging next generation bank services. Learn more about AGO Bank Corporation:
Bleu sky breakout is coming soon
Filings by end of the month
back to 0.03
Big move will come end of the month when filings drop.
indeed, let's wait and see and dont focus too much on this 50:1 reverse split...first thing is the 8k
The promised 8k will quickly get us back to 0.03 and hopefully higher
Will see what happens...what were your takeaways from the CC?
What do you think about the 50:1 split? Its going to happen?
That doesn’t sound good
Thanks BB. Count on you to post a summary , as in Europe the CC is at 3 am
Nothing received here
Not yet, i’ve sent a mail but without reaction
how do you interpret the 8k? thx
Hmmm how to read this 8k?
Item 3.03 Material Modification to Rights of Security Holders.
The Company is doing a rights offering to its shareholders. The offering is available to shareholders of record as of June 16, 2021. Under this non-dilutive offering, each shareholder has the right to purchase additional shares in proportion to the number of currently held shares at a price of $0.25 per share. Interested shareholders are invited to join the company on a conference call on Friday, June 11, 2021 at 6 pm PST. To register for access to the conference please email your name and shareholdings to ir@allyourfoods.com. Questions to be asked during the call must be submitted via email at least 24 hours before the call. The rights offering will remain open to all shareholders of record as of June 16, 2021 until December 31, 2021.
On March 22, 2021, the Company entered into a share exchange agreement under which the Company acquired 100 percent of the outstanding interests of All Your Foods USA, Inc in exchange for 35,200,000 common shares of the Company.
All Your Foods USA INC
All Your Foods USA via its brands
Chopandchisel.com
Cavemanchefs.com
Allyourmeals.com
allyourfoods.com
Delivering healthy, gourmet ready-made meals, prepared and delivered to the client's door. Our corporate chefs work hard to design meals that are nutritionally balanced with no preservatives, freshly made and designed to optimize customer's health and serve their busy lifestyle. The Company’s meals menu includes entrees and breakfasts with dairy products, eggs, pork, tree nuts, chicken, beef, turkey, fish, soy, shellfish as well as an all-Vegan line of dishes. All Your Foods offers Ala La Carte and weekly subscriptions.
All Your Foods production kitchens are also used to supply white label products to other successful national subscriptions brands in both the USA and Canada. The technology at the heart of the All Your Foods USA systems, is what allows the unlimited scaling of client and corporate orders of meals and other food products.
Reversal intraday ongoing
Lets crack those 2s