Major League Football (MLFB) $7,500,000 Equity Line Term Sheet

Rhea-AI Summary

Major League Football (MLFB) announced the receipt of a Term Sheet for a $7,500,000 Equity Line Investment from an institutional investor. President and CEO Frank Murtha stated that the terms are under review by the Board of Directors and financial consultants, and the offer is pending acceptance. This initiative reflects the company's ongoing effort to attract potential investors. Prompt due diligence has commenced, with additional information to be shared as it becomes available.

Positive

• Receipt of a Term Sheet for $7,500,000 Equity Line Investment indicates investor interest.
• Active search for potential investors demonstrates commitment to financial growth.

Negative

• The offer has not been accepted yet, indicating potential uncertainty.
• Dependence on institutional investor funding could pose risks if not secured.

LAKEWOOD RANCH, FL / ACCESSWIRE / April 4, 2022 / Major League Football (OTC Symbol:MLFB) President and CEO Frank Murtha announced today that Major League Football has received a Term Sheet for a $7,500,000 Equity Line Investment from an institutional investor. "Terms of this offer are being reviewed by our Board of Directors and financial consultants. It has not been accepted, pending this review," Murtha reported.

The offer is a result of the Company's continuing search for and screening of potential investors in Major League Football. Prompt due diligence has begun.

Further information will be released as facts warrant.

CONTACT:

f.murtha@mlfb.com

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/695857/Major-League-Football-MLFB-7500000-Equity-Line-Term-Sheet

FAQ

What is the Term Sheet received by Major League Football regarding investor funding?

Major League Football received a Term Sheet for a $7,500,000 Equity Line Investment, which is currently under review.

Who is reviewing the investment offer for Major League Football?

The investment offer is being reviewed by Major League Football's Board of Directors and financial consultants.

What is the status of the $7,500,000 Equity Line Investment for MLFB?

The $7,500,000 Equity Line Investment offer is pending acceptance while due diligence is conducted.

What does the $7,500,000 Equity Line Investment mean for MLFB?

The $7,500,000 Equity Line Investment reflects significant investor interest and potential for financial growth for MLFB.