FAVO CAPITAL INC - FAVO STOCK NEWS

FAVO Capital (OTC PINK:FAVO) has secured a $2 million private placement through the sale of 8,000,000 shares of common stock and warrants at $0.25 per share. The deal, led by D. Boral Capital, includes warrants to purchase an additional 8,000,000 shares at $0.40 per share, exercisable for five years. The closing is expected on December 11, 2024.

The securities were offered under Section 4(a)(2) of the Securities Act and Regulation D, with FAVO agreeing to file registration statements for the resale of shares. The company plans to use this funding as a step toward its NASDAQ uplisting goal and growth in the Private Credit Sector.

FAVO Capital (OTC PINK:FAVO) has been awarded the prestigious 2024 Innovation & Excellence Award by Business Honor magazine. The recognition highlights FAVO's leadership in providing private credit and alternative financing solutions to small and mid-sized businesses. Company President Shaun Quin is featured on the November issue's cover, discussing FAVO's vision and market disruption in alternative financing.

Both Quin and CEO Vincent Napolitano expressed gratitude for the recognition, emphasizing their commitment to empowering small business America. The award acknowledges FAVO's achievements and serves as motivation for continued growth in delivering innovative financing solutions.

FAVO Capital (OTC PINK:FAVO) has been named one of the Best Companies to Watch in 2024 by CIO Bulletin. The company's CEO Vincent Napolitano and President Shaun Quin are featured on the October issue's cover, highlighting FAVO's impact in the alternative financing market.

As a leading provider of private credit and alternative financing solutions, FAVO Capital focuses on supporting small and medium-sized enterprises across America. The recognition underscores their commitment to providing innovative financial solutions while adapting to market changes. The company's leadership emphasized their dedication to supporting small businesses and creating value for both customers and shareholders.

FAVO Capital has engaged EF Hutton as the lead underwriter for its planned Nasdaq uplisting and public offering. EF Hutton, a well-regarded investment bank, will provide strategic advisory services to enhance FAVO's capital structure, explore acquisitions, and drive growth. This engagement aims to increase FAVO's global exposure and investor base by transitioning from OTC Pink to Nasdaq. Despite these developments, no guarantees are made regarding the timing or outcome of the uplisting efforts. FAVO Capital, based in Fort Lauderdale, specializes in alternative financing for small and medium-sized businesses.

FAVO Capital, a leading provider of financial solutions, announced the appointment of Turner, Stone & Company as its independent auditing firm. This strategic decision highlights FAVO Capital's commitment to financial integrity and PCAOB compliance. CEO Vincent Napolitano emphasized Turner Stone's experience and client-centric approach as key factors in this partnership. Established in 1984, Turner Stone is renowned for its audit, tax, and advisory services. The move aims to enhance FAVO Capital's financial reporting processes, supporting its long-term vision and market expansion.

FAVO Capital and Stewards Investment Capital have won the Structured Finance Deal of the Year at the Global Private Banking Innovation Awards 2024. This accolade recognizes the important role Stewards played in the acquisition and restructuring of FAVO Capital, transforming it into a private credit-focused firm. This strategic shift has led to substantial growth for FAVO, attracting significant investments and expanding its operations. The restructuring involved a $37 million transaction, enabling FAVO to acquire three additional businesses and grow its team from 40 to 126 members. This recognition underscores the innovative and impactful solutions provided by Stewards and FAVO in the private banking sector.

FAVO Capital and Stewards Investment Capital have been awarded the Best Fixed Income Investment Innovation Award by Global Finance.

The recognition highlights their APEX Structured Liquidity Solution, notable for its unique approach to fixed income investments within the private credit market.

Global Finance's awards celebrate financial institutions for pioneering innovations. Their criteria include effectiveness, impact, and diversification of investment options. This marks a significant achievement for both companies in terms of innovation and commitment to superior performance.

Stewards' APEX Solution offers low-risk cash management and fixed income returns, with monthly liquidity options, emphasizing the value delivered to investors.

Glen Steward, Shaun Quin, and Bilal Adam expressed pride and gratitude for the recognition, viewing it as a testament to their dedication to innovation.

FAVO Capital specializes in funding solutions for emerging businesses, while Stewards focuses on niche investments for high-net-worth individuals and institutional investors.

FAVO Capital, Inc. appoints Glen Steward as Chief Strategy Officer, bringing over 25 years of experience in the financial and investment industry. Glen's appointment comes at a time of expansion for FAVO, with recent acquisitions and a focus on providing customized funding for small and mid-sized businesses. His role is to shape the strategic direction of the company, reinforcing its commitment to excellence, prudent risk management, and innovation in the financial services industry.

FAVO Capital Inc. (FAVO) announces the opening of a second call center in the Dominican Republic as part of its expansion strategy. The company aims to provide innovative financial products and services, enhance operational efficiency through technology integration, recruit top-tier talent, and expand community engagement initiatives. The expansion is a testament to FAVO's commitment to growth and excellence.