LGBTQ Loyalty Holdings Inc (LFAP)

[tothe]

SPA with GHS filed with SEC appears to.be.underwriting. LFAP in the future may attract more Underwriters, if that is the case it could lead to Syndication... a whole new ball game as we add more ETFs.

* Definition of Equity Underwriter
In the equity markets, underwriters administer the public issuance and distribution of securities—in the form of common or preferred stock—from a corporation or other issuing body. Perhaps the most prominent role of an equity underwriter is in the IPO process.
IPO underwriters are financial specialists who work closely with the issuing body to determine the initial offering price of the securities, buy the securities from the issuer, and sell the securities to investors via the underwriter's distribution network.
https://www.investopedia.com/terms/u/underwriting.asp

* Underwriting Spread
An underwriting spread is the difference between the dollar amount that underwriters, such as investment banks, pay an issuing company for its securities and the dollar amount that underwriters receive from selling the securities in the public offering. The underwriting spread is essentially the investment bank's gross profit margin, typically disclosed as a percentage or else in points-per-unit-of-sale.
https://www.investopedia.com/terms/u/underwritingspread.asp

* What Is a Syndicate?
A syndicate is a temporary alliance of businesses that joins together to manage a large transaction, which would be difficult, or impossible, to effect individually. Syndication makes it easy for companies to pool their resources and share risks, as when a group of investment banks works together to bring a new issue of securities to the market. There are different types of syndicates, such as underwriting syndicates, banking syndicates, and insurance syndicates.
https://www.investopedia.com/terms/s/syndicate.asp

* The May 27, 2021 8K
http://archive.fast-edgar.com/20210528/AJ22G22CZC2R82Q322222MY22UGKRZ22Z232/