Sharing Services Global Corp (SHRG)

[Helter Skelter]

$SHRG BOOOM! 8K out! $30,000,000 in!

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed in Note 16, Subsequent Events, of the Notes to our Condensed Consolidated Financial Statements contained in our Form 10-Q for the period ending January 31, 2021, Sharing Services Global Corporation (the “Company”) and Document Security Systems, Inc. (“DSS”) who, together with its wholly owned subsidiary, Decentralized Sharing Systems, Inc. (“DSSI”), is currently a major shareholder of the Company, executed a Binding Letter of Intent pursuant to which DSS agreed to loan the Company, directly or through its subsidiaries, the aggregate principal amount of $30.0 million, subject to the parties entering into a definitive loan agreement.

The information contained in Item 2.03 of this Current Report on Form 8-K is incorporated in its entirety herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant.

On April 5, 2021, the Company and DSSI entered into a Securities Purchase Agreement, pursuant to the Binding Letter of Intent discussed above. Under the terms of the Securities Purchase greement, the Company issued: (a) a Convertible Promissory Note in the principal amount of $30.0 million (the “Note”) in favor of DSSI, and (b) a detachable Warrant to purchase up to 150,000,000 shares of the Company’s Class A Common Stock, at $0.22 per share.

Link > https://www.sec.gov/Archives/edgar/data/1644488/000149315221008320/form8-k.htm

Over $60,000,000 in FUNDING!!!

$SHRG $30,000,000 CASH coming in NOW! $30 MILLION!

Look for ACQUISITIONS!

Current pps = $0.2416

Market Cap = $38,664,336

AS = 500,000,000
OS = 160,100,769

$SHRG FLOAT = 40,356,966

TINY FLOAT! BOOOM!