Business
Boatim Inc. secured $1m+ in equity investment
Boatim Inc. secured $1m+ in equity investment.
About this update from Boatim Inc.
[{"type":"text","content":"\n\n\n\nBoatim Inc. secured $1m+ in equity investment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBoatim Inc. secured $1m+ in equity investment\nPR Newswire\nMIAMI, Jan. 19, 2021\n\n\n\nMIAMI, Jan. 19, 2021 /PRNewswire/ -- Boatim Inc. (OTCQB: BTIM), a data-driven global online marketplace for buying and selling boats and yachts, converted $1,060,000 of its debt into equity last Friday. The board agreed to requests of several holders to convert their notes prior to their due dates. By converting, these noteholders have expressed their continued trust in Boatim's business plan and execution, and rewarded the management's 2020 delivery on milestones.\n\"This is an important step for the company in terms of liquidity, enabling us to deploy financial resources into scaling the business and our next round of new product features.\" confirms Boatim's CFO, Ben Salter.\n\"I am certain that Ben's recent appointment as CFO was one of the reassuring events for those noteholders,\" adds Wolfgang Tippner, CEO. \"Having converted their notes, our new shareholders valued the future worth of the company above the current cash value of their debt and have reaffirmed their excitement in the company's future growth prospects and our team's performance. This conversion event now allows Boatim to focus on driving even faster growth.\"\nAbout Boatim Inc.\nBoatim Inc. (OTCQB: BTIM) is a globally operating online marketplace and special interest social network for both the boating industry and boat users.\nBoatim Inc. was founded in 2018 and now employs 26 people in Miami (USA) and Barcelona (Spain). The technology startup provides industry-specific software, aimed at facilitating the process of buying and selling boats online.\nOn Boatim.com the boating industry can sell and promote products and connect with a fast-growing potential customer base, while boat users can explore and buy boats, and connect with like-minded people and brands. The platform, that can be accessed through both mobile devices and desktop, generates revenues through listing placements and...