Beyond Commerce Closes $1 Million Equity Financing Priced at $0.01

Rhea-AI Summary

Beyond Commerce, Inc. (OTC PINK:BYOC) announced a successful closing of a $1 million equity financing with an institutional shareholder, priced at $0.01 per share, reflecting a 370% premium over the current market price. CEO Geordan Pursglove expressed confidence in the investment despite pandemic challenges, noting strong business performance in 2020 through acquisitions and organic growth. The capital infusion aims to further enhance growth and strengthen the company's balance sheet, supporting a robust business pipeline with expected future contracts.

Positive

• Successful closing of $1 million equity financing.
• Equity priced at $0.01 per share, 370% premium to market price.
• Strong confidence demonstrated by existing institutional shareholder.
• Past year marked by successful acquisitions and organic growth.
• Plans to utilize capital for additional growth and balance sheet strengthening.

Negative

• None.

Existing Institutional Shareholder Invests Additional Capital at a Fixed Price 370% Above Current Market Share Price

LAS VEGAS, NV / ACCESSWIRE / April 5, 2021 / Beyond Commerce, Inc. (OTC PINK:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, announced today the closing of a $1 million equity financing with a fixed price of $0.01, representing a 370% premium to the current market share price.

The funding is from an existing institutional shareholder and is subject to resale under a registration statement or Rule 144 eligibility in six months.

Geordan Pursglove, Beyond Commerce's Chief Executive Officer, commented, "We are pleased with the confidence this existing shareholder is demonstrating by this investment. Despite the global pandemic, 2020 was a solid year for our business, as we successfully closed and integrated acquisitions and drove organic growth. Our business pipeline remains very strong and we look forward to many signed contracts going live. This infusion of capital will be used to fuel additional growth and strengthens our balance sheet."

About Beyond Commerce, Inc.

Beyond Commerce, Inc. (OTC PINK:BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com and https://www.service800.com.

Twitter: @incbyoc
Facebook: fb.me/incbyoc

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.

Contact Information:

investors@beyondcommerceinc.com
p702-675-8022

ClearThink
nyc@clearthink.capital

SOURCE: Beyond Commerce, Inc.

View source version on accesswire.com:
https://www.accesswire.com/638917/Beyond-Commerce-Closes-1-Million-Equity-Financing-Priced-at-001

FAQ

What was the recent equity financing amount for Beyond Commerce, Inc. (BYOC)?

Beyond Commerce, Inc. closed a $1 million equity financing.

What premium was the equity financing priced at for BYOC?

The equity financing was priced at $0.01 per share, a 370% premium over the current market share price.

Who provided the funding for Beyond Commerce, Inc. (BYOC)?

The funding was provided by an existing institutional shareholder.

How does the recent financing impact Beyond Commerce, Inc.'s business?

The capital will be used to fuel additional growth and strengthen the company's balance sheet.

What does CEO Geordan Pursglove say about the investment in BYOC?

He expresses confidence in the investment, highlighting the strong business pipeline and past growth.