GivBux to Acquire Charter House , Launch $50M Gold-Backed Expansion
GivBux (OTC: GBUX) has announced a Letter of Intent to acquire Charter House, a gold-based financial services company, through a stock transaction of 1 million GBUX common shares. The acquisition includes potential additional shares based on revenue milestones.
Following the acquisition, GivBux plans to raise $50 million through a preferred stock offering to fund Charter House operations, including wholesale gold sales, proprietary coin minting, and gold-backed credit cards. Charter House will receive a portion of the preferred shares and hold 80% of the voting rights associated with these securities.
The shares issued for the acquisition will be subject to Rule 144 restrictions and won't include registration rights. The transaction remains subject to due diligence, definitive documentation, and regulatory approvals.
GivBux (OTC: GBUX) ha annunciato una Lettera di Intenti per acquisire Charter House, un'azienda di servizi finanziari basata sull'oro, attraverso una transazione azionaria di 1 milione di azioni ordinarie GBUX. L'acquisizione include potenziali azioni aggiuntive basate su traguardi di fatturato.
In seguito all'acquisizione, GivBux prevede di raccogliere $50 milioni attraverso un'offerta di azioni privilegiate per finanziare le operazioni di Charter House, comprese le vendite all'ingrosso di oro, la coniazione di monete proprietarie e carte di credito garantite da oro. Charter House riceverà una parte delle azioni privilegiate e deterrà l'80% dei diritti di voto associati a questi titoli.
Le azioni emesse per l'acquisizione saranno soggette a restrizioni della Regola 144 e non includeranno diritti di registrazione. La transazione rimane soggetta a due diligence, documentazione definitiva e approvazioni regolatorie.
GivBux (OTC: GBUX) ha anunciado una Carta de Intención para adquirir Charter House, una empresa de servicios financieros basada en oro, a través de una transacción de acciones de 1 millón de acciones ordinarias de GBUX. La adquisición incluye acciones adicionales potenciales basadas en hitos de ingresos.
Tras la adquisición, GivBux planea recaudar $50 millones a través de una oferta de acciones preferentes para financiar las operaciones de Charter House, incluidas las ventas mayoristas de oro, la acuñación de monedas propias y tarjetas de crédito respaldadas por oro. Charter House recibirá una parte de las acciones preferentes y tendrá el 80% de los derechos de voto asociados a estos valores.
Las acciones emitidas para la adquisición estarán sujetas a las restricciones de la Regla 144 y no incluirán derechos de registro. La transacción sigue sujeta a la debida diligencia, documentación definitiva y aprobaciones regulatorias.
GivBux (OTC: GBUX)는 Charter House, 금 기반의 금융 서비스 회사 인수를 위한 의향서를 발표했습니다. 이 인수는 100만 GBUX 보통주 주식 거래를 통해 이루어집니다. 인수에는 수익 목표에 따라 추가 주식이 포함될 수 있습니다.
인수 후, GivBux는 $50 백만을 모금하여 Charter House의 운영을 지원할 계획이며, 여기에는 도매 금 판매, 독점 동전 주조 및 금 기반 신용 카드가 포함됩니다. Charter House는 우선주 일부를 받고, 이러한 증권과 관련된 80%의 의결권을 보유하게 됩니다.
인수에 대해 발행된 주식은 규칙 144의 제한을 받으며 등록 권리가 포함되지 않습니다. 이 거래는 실사, 최종 문서화 및 규제 승인의 대상입니다.
GivBux (OTC: GBUX) a annoncé une lettre d'intention pour acquérir Charter House, une entreprise de services financiers basée sur l'or, par le biais d'une transaction d'actions de 1 million d'actions ordinaires GBUX. L'acquisition comprend des actions supplémentaires potentielles basées sur des jalons de revenus.
Suite à l'acquisition, GivBux prévoit de lever 50 millions de dollars par le biais d'une offre d'actions privilégiées pour financer les opérations de Charter House, y compris la vente en gros d'or, la frappe de pièces propriétaires et les cartes de crédit adossées à de l'or. Charter House recevra une partie des actions privilégiées et détiendra 80 % des droits de vote associés à ces titres.
Les actions émises pour l'acquisition seront soumises aux restrictions de la règle 144 et n'incluront pas de droits d'enregistrement. La transaction reste soumise à une due diligence, à une documentation définitive et à des approbations réglementaires.
GivBux (OTC: GBUX) hat eine Absichtserklärung zur Übernahme von Charter House, einem goldbasierten Finanzdienstleistungsunternehmen, durch einen Aktienverkauf von 1 Million GBUX-Stammaktien angekündigt. Die Übernahme umfasst potenzielle zusätzliche Aktien, die auf Umsatzmeilensteinen basieren.
Nach der Übernahme plant GivBux, 50 Millionen Dollar durch ein Angebot von Vorzugsaktien zu beschaffen, um die Geschäfte von Charter House zu finanzieren, einschließlich Großhandelsverkauf von Gold, eigener Münzprägung und goldgedeckten Kreditkarten. Charter House wird einen Teil der Vorzugsaktien erhalten und 80% der Stimmrechte an diesen Wertpapieren halten.
Die für die Übernahme ausgegebenen Aktien unterliegen den Beschränkungen der Regel 144 und beinhalten keine Registrierungsrechte. Die Transaktion unterliegt der Due Diligence, der endgültigen Dokumentation und den regulatorischen Genehmigungen.
- Strategic expansion into gold-backed financial services sector
- Access to new revenue streams through wholesale gold sales and proprietary coin minting
- No immediate cash outlay required for acquisition (stock-based transaction)
- Significant shareholder dilution through 1M share issuance plus potential additional shares
- Charter House to control 80% of preferred share voting rights
- Additional $50M capital raise needed to fund operations
NEWPORT BEACH, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced it has signed a Letter of Intent to acquire
Under the terms of the non-binding agreement, Charter House would receive 1 million shares of GivBux common stock upon closing, subject to the satisfaction of standard closing conditions, including due diligence and definitive documentation. The shares will not include registration rights and will be subject to Rule 144 restrictions under the Securities Act of 1933.
Charter House Trust would also be eligible to receive additional shares of GivBux common stock based on the achievement of certain revenue milestones post-closing.
Additionally, GivBux intends to raise
“This proposed acquisition represents a significant strategic opportunity for GivBux to expand into the gold-backed financial services sector,” said Umesh Tim Singh, president of GivBux, Inc. “Charter House Trust brings a compelling vision, and we’re excited about the synergies this transaction could unlock across both organizations.”
As part of the preferred offering, Charter House will receive a portion of the preferred shares and will hold
The proposed transaction remains subject to customary closing conditions, including regulatory approvals and the execution of definitive agreements.
About GivBux, Inc.
The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back."
The GivBux Super App is free to use and available now on the Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App constantly evolves and adds new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation.
GivBux is forging a new path in e-commerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit https://givbux.com.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Umesh Singh, President
Email: ir@Givbux.com
www.GivBux.com
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FAQ
What are the terms of GivBux's (GBUX) acquisition of Charter House?
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