Business
GivBux Details $212 Million Strategic Investment; Commits $212 Million to an Asset-Based Investment Vehicle
NEWPORT BEACH, Calif., March 29, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced the intended sale of a 30% equity stake in the Company for $212 million. The transaction is designed to be completed through a non-dilutive structure to protect and enhance long-term shareholder value. As part of the transaction, $212 million will be invested into an income-oriented strategy managed by an experi
About this update from Givbux Inc.
[{"type":"image","alt":"GivBux, Inc","displaySize":"","headline":null,"caption":"GivBux, Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":97,"url":"https://media.zenfs.com/en/globenewswire.com/47b64ba013f6bb1431285d0941154ccb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3zKzuIlNjDTdmqDJRPgSIw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/47b64ba013f6bb1431285d0941154ccb","width":300,"height":97}},"lazy":false},{"type":"text","content":"NEWPORT BEACH, Calif., March 29, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced the intended sale of a 30% equity stake in the Company for $212 million. The transaction is designed to be completed through a non-dilutive structure to protect and enhance long-term shareholder value.","length":403,"tagName":"p"},{"type":"text","content":"As part of the transaction, $212 million will be invested into an income-oriented strategy managed by an experienced, real estate focused private credit asset manager. This multiyear commitment is designed to produce consistent cash flow to provide funding to GivBux to support the overall expansion of the Company and its Super App platform. The majority shareholder of GivBux has voluntarily agreed to retire a portion of its shares to minimize dilution to shareholders.","length":472,"tagName":"p"},{"type":"text","content":"Additional details regarding the transaction will be available in the Company’s 8-K filing.","length":91,"tagName":"p"},{"type":"text","content":"Umesh Tim Singh, President of GivBux, Inc., said, "This investment would mark a significant milestone in the Company's growth strategy and position GivBux for global expansion."","length":191,"tagName":"p"},{"type":"text","content":"About GivBux, Inc.","length":18,"tagName":"p"},{"type":"text","content":"The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back."","length":369,"tagName":"p"},{"type...