Business
LIMITLESS VENTURE GROUP, INC. SIGNS MOU WITH ITS' SENIOR SECURED NOTE HOLDER TO SUSPEND DEBT CONVERSIONS FOR THE NEXT 29 DAYS
LIMITLESS VENTURE GROUP, INC. SIGNS MOU WITH ITS' SENIOR SECURED NOTE HOLDER TO SUSPEND DEBT CONVERSIONS FOR THE NEXT 29 DAYS.
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"Tulsa, OK, Jun 06, 2023 / OTC Disclosure & News Service / -TULSA, OK / June 6, 2023 / Limitless Venture Group, Inc. (OTC PINK:LVGI) (\"LVGI\" or the \"Company\"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth announced today that it has signed an MOU (Memorandum of Understanding) with its’ Senior Secured Note Holder yesterday, June 5, 2023, to not execute any conversions of the balance due for the next 30 days.Joseph Francella, CEO, states “ LVGI has a great financial partnership with our Senior Secured Note Holder. They have been willing to make accommodations to the letter of the note to limit the amount of conversions and number of shares of conversion from time to time and this is another one of those accommodations. We look forward to continued success together.” Additionally he states “ we are still in discussions with the California Testing Lab and will keep you updated on the progress as we continue to gather Due Diligence Materials.”About Limitless Venture Group, Inc.Limitless Venture Group provides its shareholders with access to leading small and medium-sized businesses focused on growth. Leveraging its permanent capital base, disciplined long-term approach, and actionable expertise, LVGI owns controlling interests in its subsidiaries as it partners with management teams to build businesses with the capacity to unlock significant value for its shareholders.For more information, please visit: www.lvginc.com.The Company currently has three primary subsidiaries: Rokin, Inc., Limitless Technology Group, LLC, and KetoSports Holdings LLC.About Limitless Technology Group, LLC.Limitless Technology Group, LLC, (LTG) is a wholly owned subsidiary of Limitless Venture Group, Inc. and was formed as an Oklahoma limited liability company on July 19, 2022. LTG is focused on developing new and innovative opportunities in the e-commerce, crypto and metaverse markets. About Rokin, Inc.Rokin was founded in 2016 with a mission to provide our customers with the highest quality, technology-driven vaping products available while providing exceptional customer service. Rokin Vapes are rigorously tested by Rokin and multiple consumer focus groups to ensure the products meet strict quality...