XCRT - Wow - huge news just out - Reg A is closed and looks like other funding options may have come available. Maybe that 75 million Telehealth Fund will be financing the Africa Venture - HUGE!!!
Xcelerate, Inc. Announces the Closing of its Reg A+ Offering
Company Raised Close to $400K
Mauldin, SC., February 3, 2023 --Xcelerate, Inc. (OTCQBs: "XCRT”) today announced that it
has closed its Reg A+ offering, raising almost $400,000 in additional equity financing. The
Offering that was qualified on January 27, 2022.
“The Regulation A Tier 2 filing has served the Company well in its initial fundraising efforts. The
proceeds have enabled Xcelerate, Inc. to complete audits, up-list to the QB Market, file an initial
patent for its’ revolutionary surgical drill and structure a controlling interest in AfiyaSasa Africa,
LLC” said Michael O’Shea, Xcelerate’ s CEO. “Now, as the Company embarks on a program of
identifying potential revenue producing acquisitions, the Board has determined that Xcelerate and
its shareholders would be better served by developing a more robust, structured capital program.
In conjunction with our financial advisors we have begun reviewing our options” Mr. O’Shea
concluded.
ABOUT XCELERATE INC.
In May 2020, Xcelerate commenced implementation of a new business plan that encompasses two
separate but related businesses within the medical industry, including (i) owning and licensing the
rights to various forms of medical equipment and portfolio of patents, patents pending and
technology licenses and (ii) development of virtual health technology to assist patients in
developing countries initially in Africa to provide for their population to obtain medical care by
extending the reach of physicians through the use of that technology.
For more information:
Michael O'Shea, CEO,
854-900-2020
Email: info@xcelerate.global
