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https://finance.yahoo.com/news/nfusz-inc-fusz-files-form-221803464.html
HOLLYWOOD, CA--(Marketwired - Oct 13, 2017) - nFusz, Inc. (OTCQB: FUSZ), ("nFusz" or the "Company") the Hollywood-based digital technology company, announces that it has today filed a new Form S-1 registration statement with the Securities and Exchange Commission ("SEC") to register $2M of its common shares for resale by Kodiak Capital Group, LLC ("Kodiak") pursuant to a certain Equity Purchase Agreement.
nFusz may from time to time, or all at once, in its sole discretion, "put" shares of its common stock to Kodiak for aggregate gross proceeds of up to $2,000,000.
Kodiak shall pay the Company 80% of the volume weighted average price of the Company's common stock as reported by OTC Markets Group, Inc. during the five days immediately preceding the closing date determined by the Company.
Kodiak's obligation to purchase nFusz's common shares under the Purchase Agreement is not contingent on the trading volume of the Company's common stock. Other than the 9.99% "beneficial ownership limitation," there is no limit on the number of shares the Company may require Kodiak to purchase until the aggregate purchase price reaches $2,000,000. The Purchase Agreement also contains a 'no shorting' provision.
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