Business
Jetblack Corporation Announces Financing Agreement with Pikeminnow Funding LLC
Jetblack Corporation Announces Financing Agreement with Pikeminnow Funding LLC.
About this update from Jetblack Corp.
[{"type":"text","content":"PORTLAND, Ore., July 26, 2018 -- Jetblack Corporation (OTCMKTS: JTBK) (the \"Company\"), today announced that it has entered into a financing agreement with Pikeminnow Funding LLC (referred to as “Pikeminnow”), a Colorado limited liability company. Subject to the Company complying with terms of such agreement , Pikeminnow has agreed to purchase up to $5.2 million of shares of the Company’s common stock. Among other things, the agreement requires the Company to file an Offering Statement for the offer and sale of the Company’s common stock on Form 1-A with the United States Securities and Exchange Commission (the “SEC”), which Form 1-A must be qualified by the SEC prior to Pikeminnow beginning its purchase of shares of the Company’s common stock. “We are very excited at Jetblack about recent developments such as the Company’s agreement with Pikeminnow, but we will be much more content once we achieve more of our strategic objectives,” stated Chairman and CEO Daniel A. Goldin. About Jetblack Corporation The Company owns and operates Gabbb.com, a new social media site designed for business and leisure. In addition to the browser version of Gabbb, the company has an iOS app and an Android app available. The Company is focused on the Gabbb platform and progressing with stage 2 of development. Forward Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as \"believe,\" \"expect,\" \"anticipate,\" \"plan,\" \"potential,\" \"continue\" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties include market risks associated with our business, the inability to raise enough capital to complete our business, economic conditions and increasing...