MLFB Announces a Tier 2 Reg A Offering

Rhea-AI Summary

Major League Football, Inc. (OTC PINK:MLFB) is actively pursuing short-term financing, seeking approximately $3 million followed by $27 million in 2022. The company is collaborating with a reputable New York investment bank and has received a non-binding term sheet for a $5 million equity line, currently under review. Additionally, MLFB is preparing for a Tier 2 Regulation A offering with legal counsel assisting in SEC filings. These initiatives represent significant steps in financing for the planned Spring season in 2022, although there are no guarantees of finalizing these funding efforts.

Positive

• Seeking approximately $3 million in short-term financing.
• Plans for a subsequent raise of approximately $27 million.
• Engaged with high net-worth individuals and funds for investments.
• Received a non-binding term sheet for a $5 million equity line.

Negative

• No guarantee that the term sheet will lead to definitive funding.
• No guarantee that the Tier 2 Regulation A offering will be consummated.

LAKEWOOD RANCH, FL / ACCESSWIRE / December 14, 2021 / Frank Murtha, President and CEO of Major League Football, Inc. (OTC PINK:MLFB)

"As previously disclosed, the Company has engaged the services of a well-known and respected investment bank headquartered in New York to assist in pursuing short-term financing of approximately $3 million followed by a planned tiered subsequent raise of approximately $27 million between the end of calendar 2021 and the first calendar quarter of 2022. In addition, our management has been engaged with several high net-worth individuals and funds who have expressed an interest in being part of our League as investors.

The investment bank has recently presented to the Company for its consideration a non-binding Term Sheet from a Fund for a common stock equity line in the amount of $5,000,000 (Five Million Dollars). This is currently being actively reviewed but has not yet been accepted. The Company has continued its discussions with high net-worth individuals and one other Fund interested in investing in the Company. There is no guarantee that the Term Sheet will be consummated into full definitive documents and an eventual funding for the Company but represents a significant step in our Funding process.

In addition the Company has recently retained legal counsel who are preparing filings with the SEC for a Tier 2 Regulation A offering of common stock. This process is currently underway as of the date of the filing of this form 10-Q. There is no guarantee that a Tier 2 Regulation A offering will be consummated and an eventual funding to the Company. This, as well ,is another significant step in the Company's funding process for its planned 2022 Spring season.

Contact: Frank Murtha, CEO
F.murtha@mlfb.com

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/677672/MLFB-Announces-a-Tier-2-Reg-A-Offering

FAQ

What are Major League Football's financing plans for 2022?

Major League Football plans to raise approximately $3 million in short-term financing, followed by a $27 million tiered raise in 2022.

Has Major League Football secured funding from investors?

The company is currently reviewing a non-binding term sheet for a $5 million equity line and is engaging with high net-worth individuals for potential investments.

What is the significance of the Tier 2 Regulation A offering for MLFB?

The Tier 2 Regulation A offering could provide necessary funding for MLFB's planned Spring season in 2022, though its success is not guaranteed.

What risks does MLFB face regarding its funding efforts?

MLFB faces risks including the lack of guarantees for securing funding from the term sheet or the Tier 2 Regulation A offering.