Data443 Risk Mitigation Inc (ATDS)

[Bubae]

So here it is in detail. They take care of the "digital Marketing" which to me represents the pump. They handle the "investment banking" the dump.They advise the company on how to do it, "Financial Advisory" and it is for the purpose of the last item which is in pursuit of their fee for handling the acquisitions. They are full service which I'm sure includes a reverse split option. I don't see anything there that is good for shareholders. I'm sure that they had a similar entity handle last years acquisition / reverse split raid that left shareholder destroyed.


(A) Maxim Agreement.

On August 28, 2020, Data443 Risk Mitigation, Inc. (the “Company”), entered into a letter agreement (the “Maxim Agreement”) with Maxim Group, LLC (“Maxim”) for Maxim to provide general financial advisory, investment banking, and digital marketing services for the Company for an initial term of 6-months. In exchange for the services under the Agreement, the Company shall issue to Maxim shares of the Company’s company stock (a) upon execution of the Maxim Agreement in an amount equal to 2.50% of the Company’s issued and outstanding shares of common stock; and, (b) 2.49% of the of the Company’s issued and outstanding shares of common stock upon the up-listing of the Company’s common stock to a national exchange (NASDAQ or NYSE). All shares issued to Maxim will be non-dilutable for 2-years. Further, cash fees will be paid to Maxim as follows: (i) monthly fee of $2,500; (ii) 8% of the amount of capital raised, invested or committed through or arranged by Maxim; (iii) fee for unallocated expenses of 1% of the amount of capital raised, invested or committed through or arranged by Maxim; and (iv) a 5-year warrant to purchase shares of the Company’s common stock equal to eight percent (8%) of the number of shares of the common stock underlying the securities issued in the financing arranged by Maxim. Lastly, Maxim shall receive a transaction fee equal of 3% of the consideration underlying an acquisitive transaction (such as a merger) arranged by Maxim.

https://sec.report/Document/0001493152-20-017237/