Carefree Group Successfully Raises $1 Million in Equity Capital
CareFree Group (OTC PINK: CRFU) announced on June 1, 2022, the completion of equity investment agreements totaling $1 million with private investors. The company issued 4,000,000 shares of common stock at a price of $0.25 per share. The Board of Directors approved these transactions, and the shares issued are subject to resale restrictions per SEC Rule 144. The raised capital will be utilized for working capital and general corporate purposes.
- None.
- Resale restrictions on the newly issued shares may limit liquidity for existing shareholders.
- Potential dilution of existing shares due to the issuance of additional common stock.
MIAMI, FL / ACCESSWIRE / June 1, 2022 / CareFree Group, Inc., (OTC PINK:CRFU) ("CRFU" or the "Company"), today announced it has completed several equity investment agreements with private investors in the past 90 days for aggregate gross proceeds of
Under the terms of the purchase agreements, the Carefree Group has issued 4,000,000 shares of common stock at
The Stock Purchase Agreements and transactions pursuant to same were approved by the Board of Directors of the Company. All the shares issued are subject to resale restriction under SEC Rule 144 and other applicable regulations. Details of the transactions have been filed for disclosure with OTC Markets.
The Company intends to use the capital for working capital and general corporate purposes.
About CareFree Group
Through collaboration, partnership, and acquisition we solve problems and drive growth across the engineering, technology, service, and manufacturing industries. Our global network of strategic partners and a growing portfolio of companies focuses on resourcefulness, asset management, and proven leadership methodologies to help organizations solve a wide range of challenges across multiple domains.
Cautionary Statement Regarding Forward-Looking Statements
This disclosure statement contains certain forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "plan," "intend," "expect," "outlook," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, or state other forward-looking information. Our ability to predict future events, actions, plans or strategies is inherently uncertain. Although we believe that the expectations reflected in our forward-looking statements are based on reasonable assumptions, actual outcomes could differ materially from those set forth or anticipated in our forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements, which reflect our views as of the date of this disclosure statement. Furthermore, except as required by law, we are under no duty to, and do not intend to, update any of our forward-looking statements after the date of this disclosure statement, whether as a result of new information, future events or otherwise.
Investor Contact
T: 800-852-5015
E: IR@carefreegroupinc.com
SOURCE: CAREFREE GROUP INC
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FAQ
What investment agreements did CareFree Group complete?
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