Monday, April 04, 2022 2:41:55 PM
LiveToBeHappy announces $30M financing, acquires majority stake in HRS Construction
02:02 PM | LiveToBeHappy, Inc. (CAVR) | By: Jessica Kuruthukulangara, SA News Editor
LiveToBeHappy (CAVR +7.4%) on Monday announced a $30M term sheet to fund acquisitions, re-capitalize the business and initiate repurchase of up to 6% of outstanding stock.
CAVR also acquired a majority stake in real estate services firm HRS Construction.
The acquisition is expected to be significantly accretive to CAVR's combined 2022 net income.
"We will be executing a $30M term sheet that, upon funding, will finance additional real estate services acquisitions, pay off existing convertible debt and reduce current float by 15%," said CAVR CEO Kevin Vincent Cox.
CAVR will likely raise its revenue and profit forecast substantially in the next few weeks as it integrates HRS into the company.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM