$VYST Vystar Gains 1st Institutional Investor with
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Posted On: 03/13/2019 12:47:29 PM
$VYST Vystar Gains 1st Institutional Investor with $200K Investment at $0.15/Share
Vystar Gains 1st Institutional Investor with $200K Investment at $0.15/Share
WORCESTER, Mass., March 07, 2019 (GLOBE NEWSWIRE) -- Vystar Corporation, (OTC Pink: VYST) a family of eco-friendly brands including Vytex(R) Natural Rubber Latex (NRL) and RxAir(R) air purification products, announced that FirstFire Global Opportunities Fund, LLC (FirstFire), an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250 percent premium to yesterday's market close. The stock purchase has no rights for conversion or warrants associated with it. FirstFire is permitted to participate in any of the Company's upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
"It is almost unheard of for an OTC company -- and an exciting, positive development for Vystar -- to have a lender retire a convertible note and then become an institutional investor on favorable terms," stated Steve Rotman, CEO of Vystar. "We are pleased to have such a vote of confidence and FirstFire's support to help us move forward."
Vystar Gains 1st Institutional Investor with $200K Investment at $0.15/Share
WORCESTER, Mass., March 07, 2019 (GLOBE NEWSWIRE) -- Vystar Corporation, (OTC Pink: VYST) a family of eco-friendly brands including Vytex(R) Natural Rubber Latex (NRL) and RxAir(R) air purification products, announced that FirstFire Global Opportunities Fund, LLC (FirstFire), an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250 percent premium to yesterday's market close. The stock purchase has no rights for conversion or warrants associated with it. FirstFire is permitted to participate in any of the Company's upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
"It is almost unheard of for an OTC company -- and an exciting, positive development for Vystar -- to have a lender retire a convertible note and then become an institutional investor on favorable terms," stated Steve Rotman, CEO of Vystar. "We are pleased to have such a vote of confidence and FirstFire's support to help us move forward."
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