NuGene International Inc (NUGN) has released an update.
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On January 25, 2024, a company secured an Equity Line of Credit financing deal, allowing them to sell up to $500,000 worth of common stock shares at a discounted rate to an accredited investor. Additionally, the investor has the option to acquire warrants for a potential $15 million investment in the company’s shares over the next five years. The agreement includes a commitment by the company to facilitate the resale of these securities and adheres to standard legal and regulatory provisions, with the deal successfully closing on the same date.
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