$RGGI has executed on a signed letter of intent wi
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Posted On: 12/28/2020 2:14:47 PM
$RGGI has executed on a signed letter of intent with California based RB Capital Partners, Inc. ("RB Capital"
to receive $500,000+ of financing over the next six months. The Company has already received the first tranche of $100,000 from RB Capital as the demand for its UV-C products and Autonomous Mobile Robot (AMR) is growing.
Much of this funding is dedicated to the purchase of inventory needed to finish assembly of the Wanda II and Pull Buddy orders, as well as to prepare additional equipment inventory for impending sales that are anticipated from the early interest we have received.
CEO, Parsh Patel stated, "I am overly excited to have the fine folks with RB Capital Partners as true partners. I see the terms of the note as an extraordinarily strong vote of confidence from them of the future value of the company. Consequently, this will also mean that we will not be raising any capital from the REG A registration at this time."
to receive $500,000+ of financing over the next six months. The Company has already received the first tranche of $100,000 from RB Capital as the demand for its UV-C products and Autonomous Mobile Robot (AMR) is growing. Much of this funding is dedicated to the purchase of inventory needed to finish assembly of the Wanda II and Pull Buddy orders, as well as to prepare additional equipment inventory for impending sales that are anticipated from the early interest we have received.
CEO, Parsh Patel stated, "I am overly excited to have the fine folks with RB Capital Partners as true partners. I see the terms of the note as an extraordinarily strong vote of confidence from them of the future value of the company. Consequently, this will also mean that we will not be raising any capital from the REG A registration at this time."
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