MLFB Files S-1 Registration Statement With The SEC

Rhea-AI Summary

Major League Football, Inc. (MLFB) has filed a Form S-1 Registration Statement with the SEC, linked to Common Stock Purchase Agreements totaling $5,000,000 with Janbella Group LLC and Alumni Capital LP. CEO Frank Murtha indicated that SEC approval would allow MLFB to retire certain debts and prepare for the Spring 2023 season. He expressed satisfaction with the investor support following the suspension of training camps in July 2022, affirming plans for both existing and new markets in 2023.

Positive

• Filed S-1 Registration Statement to raise $5,000,000.
• Funds will help retire debts and provide working capital.
• Plans for Spring 2023 season show business growth potential.

Negative

• None.

LAKEWOOD RANCH, FL / ACCESSWIRE / September 26, 2022 / Major League Football, Inc. (OTCPINK:MLFB) announced today that it has filed a Form S-1 Registration Statement with the Securities and Exchange Commission in connection with its previously announced Common Stock Purchase Agreements with Janbella Group LLC, and Alumni Capital LP, for $2,500,000 each, or a total of $5,000,000.

CEO Frank Murtha stated that "The Securities and Exchange Commission ("SEC") will review, upon their approval and declaring the S-1 effective, MLFB will have access to the capital necessary to retire certain debts and obligations, as well as provide necessary working capital to thoroughly prepare for its full Spring 2023 season. Our staff is already working on our plans for 2023 in both our existing cities, and those new markets we intend to enter next Spring. These purchase agreements are further indications of the investor support we spoke of when we had to suspend our training camp in late July, 2022. Further announcements regarding our 2023 plan will follow, but we are quite satisfied by this first significant step and will await the SEC's review of our filing."

Contacts:

Frank Murtha, CEO
F.murtha@mlfb.com
Martin Ryan, IR
martin@emerginggrowthservices.com
(952) 653-1888

SOURCE: Major League Football, Inc.

View source version on accesswire.com:
https://www.accesswire.com/716921/MLFB-Files-S-1-Registration-Statement-With-The-SEC

FAQ

What is the significance of MLFB's S-1 Registration Statement?

The S-1 Registration Statement allows MLFB to raise $5,000,000 which will help retire debts and prepare for the Spring 2023 season.

How much capital is MLFB looking to raise according to the press release?

MLFB is looking to raise a total of $5,000,000 through Common Stock Purchase Agreements.

Who are the investors involved in MLFB's Common Stock Purchase Agreements?

The investors involved are Janbella Group LLC and Alumni Capital LP.

When does MLFB plan to start its Spring 2023 season?

MLFB is planning to resume operations for the Spring 2023 season.