Business
Accelerated Technologies Holding Corporation, (OTC PINK:ATHC), Further Strengthens its Balance Sheet and Finalizes Quarter Million Funding Round
Accelerated Technologies Holding Corporation, (OTC PINK:ATHC), Further Strengthens its Balance Sheet and Finalizes Quarter Million Funding Round.
About this update from Business Warrior Corporation
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / January 4, 2022 / Accelerated Technologies Holding Corporation. (the "Company" or "Accelerated") (OTC PINK:ATHC). ATHC is a FinTech holding company that provides business services for SMB's and owns and operates disruptive technologies products in the sectors of artificial intelligence, short-term alternative funding platforms, electronic payment solutions, social engagement, health, and wellness solutions. ATHC finalizes the funding round and strengthens the balance sheet in preparation for 2022.On December 28th, 2021, a funding agreement was executed by and between Accelerated Technologies and a shareholder of ATHC. The Company will issue 200,000 restricted shares of ATHC common stock. In addition, the Company issued stock purchase options to acquire three hundred thousand (300,000) additional shares at $2.50 per share. The option expires on December 31st, 2024. ATHC will receive 2.5 million (2,500,000) shares of Business Warrior Corporation (OTC PINK:BZWR) valued at approximately $250,000."We are pleased with the private transaction valued at approximately $250,000. ATHC does not intend to sell the position and is pleased to become a shareholder of Business Warrior Corporation (OTC PINK:BZWR). The Company intends to utilize its equity position of 2.5 million free trading shares to strengthen its balance sheet and as leverage for its short term financing objectives. The Company issued 200,000 restricted shares of ATHC at a valuation of $1.25 per share. The option to acquire 300,000 shares at $2.50 per share was issued as part of the agreement. The Company intends to be sustainable and cash flow positive by Q3, 2022. The transaction will be reflected in the Q4 filings. For clarification, the transaction is by and between ATHC and a shareholder of ATHC," said Harry Falkenburg, Chief Executive Officer of ATHC.Company Update:ATHC is considering a five million dollar ($5,000,000) private debenture sale. Management is contemplating a 506 offering of restricted shares priced between $1.25 and $2.00 per share. Each share will pay simple interest at the rate of 8% per.S1 registrations and begin uplisting efforts are planned for the middle of 2022.ATHC discontinued efforts on one of the two planned acquisitions.For the remaining acquisition target, ATHC anticipated due diligence ...