LGBTQ Loyalty Holdings Inc (LFAP)

[$$$MADE]

IN TEARS!!! "Maxim Partners owns of record 120,959,996 shares of Common Stock (the “Shares”).


THIS IS DILUTION!!!!!!!!!!!!!

https://www.otcmarkets.com/filing/html?id=13195383&guid=BaQtUW-8iG2g-3h

Item 3. Source and Amount of Funds or Other Considerations

On January 25, 2019, the Issuer entered into and consummated a securities exchange (the “Securities Exchange”) under a Securities Exchange Agreement (the “Securities Exchange Agreement”) with Maxim Partners and LGBT Loyalty, pursuant to which the Issuer acquired all of the membership interests of LGBT Loyalty LLC, a New York limited liability company (“LGBT Loyalty”), in exchange for the Shares and one share of the Issuer’s newly created Series A Convertible Preferred Stock (the “Series A Preferred Stock”). The Shares issued to Maxim Partners represented, upon issuance, 49.99% of the Issuer’s then issued and outstanding shares of Common Stock. As a result of the Securities Exchange, LGBT Loyalty became a wholly owned subsidiary of the Issuer.