KITL Engine starting to warm up Kisses From Italy Secures $7.5 Million Standby Equity Commitment Agreement with MACRAB, LLC
November 30, 2021, 9:00 am
MIAMI, FL / ACCESSWIRE / November 30, 2021 / Kisses from Italy Inc. (OTCQB:KITL), a publicly listed U.S.-based company, restaurant chain operator, franchisor, and product distributor (the "Company"), is pleased to announce that it has entered into a $7,500,000 equity financing agreement with MACRAB, LLC ("MACRAB") ("Equity Line" or "Facility") under the terms of a Standby Equity Commitment Agreement (the "Investment Agreement"), as well as a registration rights agreement related thereto ("Registration Rights Agreement"). The $7,500,000 financing's term is a maximum duration of 24 months. Under the terms of the Registration Rights Agreement, a Form S-1 Registration Statement will be filed with the Securities & Exchange Commission ("SEC") to register the common shares that may be issued in connection with this Facility.
