$VNUE SECURES $1.5MM IN EQUITY FUNDING FOR STAGEIT
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Posted On: 01/07/2022 1:13:57 PM
$VNUE SECURES $1.5MM IN EQUITY FUNDING FOR STAGEIT ACQUISITION
https://www.prnewswire.com/news-releases/vnue...55823.html
NEW YORK, Jan. 6, 2022 /PRNewswire/ -- VNUE, Inc. (OTC: VNUE) announced today that it has closed on an additional $1.5 million in equity funding from GHS Investments, LLC. The funding will be used toward the acquisition of StageIt, Inc. (www.stageit.com), which is expected to be finalized shortly. Additionally, the company issued a warrant to GHS for an additional $1.5 million, bringing the total possible funding to $3 million.
"We are excited that GHS Investments saw this opportunity and came on board to provide the fuel required to complete this very important transaction," said Zach Bair, CEO. "This is yet another step up the ladder for VNUE, and a massive leap forward in our business execution."
StageIt is one of the oldest and most well-known ticketed livestream companies. VNUE is acquiring StageIt, and will implement the platform alongside its existing artist-centric products and services.
More details concerning today's announcement may be found here, via the Company's Form 8-K filing: https://bit.ly/3qYwGN3.
https://www.prnewswire.com/news-releases/vnue...55823.html
NEW YORK, Jan. 6, 2022 /PRNewswire/ -- VNUE, Inc. (OTC: VNUE) announced today that it has closed on an additional $1.5 million in equity funding from GHS Investments, LLC. The funding will be used toward the acquisition of StageIt, Inc. (www.stageit.com), which is expected to be finalized shortly. Additionally, the company issued a warrant to GHS for an additional $1.5 million, bringing the total possible funding to $3 million.
"We are excited that GHS Investments saw this opportunity and came on board to provide the fuel required to complete this very important transaction," said Zach Bair, CEO. "This is yet another step up the ladder for VNUE, and a massive leap forward in our business execution."
StageIt is one of the oldest and most well-known ticketed livestream companies. VNUE is acquiring StageIt, and will implement the platform alongside its existing artist-centric products and services.
More details concerning today's announcement may be found here, via the Company's Form 8-K filing: https://bit.ly/3qYwGN3.
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