MLFB Announces $5,000,000 Stock Equity Term Sheet Announcement

Rhea-AI Summary

Major League Football (OTC PINK:MLFB) announced on August 18, 2022, the receipt of a $2,500,000 Stock Equity Term Sheet from an institution. Additionally, on August 22, 2022, the company revealed it has secured a further $5,000,000 Stock Equity Term Sheet from another institution. The CEO, Frank Murtha, confirmed that MLFB remains committed to fulfilling its obligations as it prepares for a full Spring football season in 2023. The company is currently reviewing these proposals and expects a third term sheet from a prior institutional investor.

Positive

• Secured $5,000,000 Stock Equity Term Sheet, enhancing financial position.
• Continued commitment to preparing for a full Spring football season in 2023.

Negative

• None.

LAKEWOOD RANCH, FL / ACCESSWIRE / August 22, 2022 / On August 18, 2022 Major League Football (OTC PINK:MLFB) announced that it had received a $2,500,000 Stock Equity Term Sheet from an institution. Frank Murtha, CEO, is pleased to announce today that MLFB has received an additional $5,000,000 Stock Equity Term Sheet from another institution. As previously announced, Major League Football, Inc (MLFB) continues to move forward with plans to pay all obligations incurred while preparing for a full season of Spring football in 2023. The team remains intact and dedicated to this goal. In addition to these two Term Sheets, which the Company and its financial advisors are reviewing, the Company anticipates receiving a third proposal from a previous institutional investor.

Contacts:
Frank Murtha, CEO
F.murtha@mlfb.com
Kevin Mclenithan, IR
k.mclenithan@mlfb.com

SOURCE: Major League Football, Inc.

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