Eat & Beyond Secures Funding Through Private Placement and Debt Settlements

Eat & Beyond Achieves Successful Private Placement Financing

In a strategic move to bolster its operations in the sustainable food sector, Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) has recently confirmed the closure of a non-brokered private placement, generating significant capital to fuel its growth initiatives. The company, rooted in its commitment to sustainability and alternative protein sources, issued over 11 million units at a competitive price of C$0.0825 each, netting approximately C$919,140.

Understanding the Private Placement Structure

Each unit in this placement comprises one common share and a warrant, enabling investors to purchase additional shares at C$0.11 within a two-year timeline. This financial maneuver not only secures immediate funds but also reflects the trust and interest of investors in legislative developments surrounding clean energy and food technology.

Utilizing Proceeds for Future Growth

The allocation of these funds will focus on various corporate strategies, including marketing and exploring potential avenues in cryptocurrency investment. With plans to engage with digital currencies such as Solana and Dogecoin, Eat & Beyond aims to embrace innovative technologies that complement its core mission within the alternative protein landscape.

Addressing Existing Debt through Share Issuance

In conjunction with the financing, the company has also settled a significant debt of $250,000 by issuing over 3 million shares at the same deemed price of C$0.0825. This move not only helps in managing the company's liabilities but also strengthens the relationship with its creditors, showcasing a proactive approach to financial health.

The Significance of the Statutory Hold Period

All securities released from the recent offerings are subject to a statutory hold period of four months and a day, which will conclude on May 18, 2025. This period denotes a critical time for the company to solidify lines of communication with stakeholders and engage in further investment discussions while ensuring compliance with securities regulations.

What Sets Eat & Beyond Apart?

Eat & Beyond is distinguished as a pioneering investment issuer within Canada’s landscape. It identifies and invests in companies globally that are innovating in food technology. By empowering retail investors with opportunities in the burgeoning alternative food sector, the company is positioning itself as a key player in shaping a more secure and sustainable future for food supply chains.

Leadership and Vision

With a dedicated team of industry experts, Eat & Beyond remains committed to pursuing sustainable practices and supporting advancements in food technology. The leadership is cognizant of the evolving market demands and is strategically aligning the company's resources to meet future challenges while maximizing growth potential.

Engaging with Stakeholders

As Eat & Beyond embarks on this promising chapter, it remains crucial for the company to engage with and inform its investors about progress and developments. Continual updates regarding the usage of raised funds and strategic moves in cryptocurrency will be pivotal for transparency and trust.

Frequently Asked Questions

What is the primary objective of Eat & Beyond's private placement?

The private placement aims to raise funding for general corporate purposes, marketing, and exploring new investments in innovative strategies such as cryptocurrency.

How many units were issued in the private placement?

A total of 11,141,090 units were issued during the private placement at a price of C$0.0825 per unit.

What are the characteristics of the warrants issued?

Each warrant entitles the holder to acquire an additional common share at C$0.11 for a duration of 24 months from issuance.

How is the debt being settled by the company?

The company is addressing an outstanding debt of $250,000 through the issuance of 3,030,303 shares to a service provider.

What makes Eat & Beyond a unique investment opportunity?

Eat & Beyond distinguishes itself by focusing on sustainability and alternative food technologies, offering retail investors a chance to partake in innovative sectors that could enhance the global food supply.

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