Global Stock Investments to buy stock in tranches of up to $250,000
By Angela McDaniels
Tacoma, Wash., June 21 - NIS Holdings Corp. will receive up to $3 million from Global Stock Investments Ltd. under an equity facility agreement, according to a company news release.
NIS Holdings can sell equity to the investor when needed in tranches of up to $250,000 per drawdown per month (or up to $400,000 if agreed by the parties) based on previously agreed upon monthly goals.
Further terms of the funding were not disclosed.
The company said the funding agreement is designed to provide it with capital for its Alpha Dynamic "Earn IQ" project, investments and strategic acquisitions.
The company also announced that it plans to apply to list its stock on the NYSE Amex stock exchange.
NIS Holdings is an investment company based in New York. Its first acquisition was Alpha Dynamic Group, which develops and implements IT solutions that allow the operation of customer loyalty programs.
| Issuer: | NIS Holdings Corp.
|
| Issue: | Equity facility agreement
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| Amount: | Up to $3 million
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| Warrants: | No
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| Investor: | Global Stock Investments Ltd.
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| Pricing date: | June 21
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| Stock symbol: | OTCBB: NISC
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| Stock price: | $0.045 at close June 21
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| Market capitalization: | $2.5 million
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