Supurva Healthcare Group Inc (SPRV)

[dss19552002]

More News. Looks like they need to issue more shares.

As previously disclosed, Evolution Capital Partners LLC (“ECP”) brought action against the Company over the failure to reserve sufficient shares of the common stock of the Company for conversion of the promissory note that is allegedly held, having originally been issued to Firehole River Capital, LLC(“FRC”), in the principal amount of $32,500.

On January 5, 2023, the Company and FRC entered into a Stipulated Share Issuances/Claim Extinguishment Agreement whereby, subject to the completion of a 3(a)(10) Court Ordered Settlement, the Company will issue no more than $45,000.00 in common stock to FRC at a 50% discount to the current market price at the time of issuance.