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InnerScope Hearing Technologies (OTC: INND) Engages DigiMax Global Solutions (DIGI.CN) to Raise $15 Million Dollars in Private Placement Offerings
InnerScope Hearing Technologies (OTC: INND) Engages DigiMax Global Solutions (DIGI.CN) to Raise $15 Million Dollars in Private Placement Offerings.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\n ROSEVILLE, Calif., Feb. 19, 2020 (GLOBE NEWSWIRE) -- via NetworkWire -- InnerScope Hearing Technologies Inc. (OTCQB: INND) (\"InnerScope\") a manufacturer and Direct-to-Consumer (\"DTC\") distributor/retailer of \"Self-Fitting\" FDA-Registered Hearing Aids, \"Self-Fitting\" Personal Sound Amplifiers Products, (\"Hearing Products\") Hearing Related Treatment Therapies, Doctor-Formulated Dietary Hearing & Tinnitus Supplements, proprietary CBD Oil for Tinnitus and assorted Ear & Hearing Aid Related Products (\"Hearing Health Products\") (collectively \"Hearing Product Portfolio\"), is pleased to announce it has engaged DigiMax Global Solutions Inc. (DIGI.CN) (\"DigiMax\") to raise $15 million dollars (the \"Target Amount\") in Private Placement Offerings (the \"Private Placement\") for its current growth, and to retire most, if not all of its remaining convertible debt. Moreover, InnerScope has been in talks with its noteholders to negotiated payoff terms for its remaining convertible debt and at time of payoff, InnerScope expects shareholder value to quickly increase. The Private Placement will also finance InnerScope's plans for a national rollout of 1000+ Point of Sale Hearing Screening Retail Kiosk (\"Hearing Kiosks\") locations as well as fulfilling its current orders of 200+ locations of its Hearing Kiosks and Hearing Product Portfolio. DigiMax, as part of its investment banking services will be acting as a Global Business Development Consultant and as the Lead Broker Dealer will take all necessary steps for InnerScope to prepare for and assist in raising $15 million dollars in Private Placement offerings.  DigiMax will recruit other leading syndicate partners from around the world to assist in attracting investors for InnerScope's Private Placement offerings. Additionally, DigiMax will share InnerScope's investor information with approximately 150 funds and family offices around the world. \"DigiMax is excited to be able to work with InnerScope to raise the capital they need to support their current growth plans,\" said Chris Carl, DigiMax CEO.  \"We believe InnerScope management has a solid plan for continued growth and we are pleased to have the opportunity to assist InnerScope is raising $15 million dollars in Private Placement Offerings.  Our well experienced investment banking team combine...