Auto Parts 4Less Group, Inc. announced that it expects to receive $10 million in funding from GHS Investments, LLC
September 05, 2023
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Auto Parts 4Less Group, Inc. announced that it has entered into Equity Financing Agreement and Registration Rights Agreement with new investor GHS Investments LLC to issue 10,000,000 common shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on September 6, 2023. The Equity Financing Agreement will terminate upon any of the following events: when GHS has purchased an aggregate of $10,000,000 in the Common Stock of the Company pursuant to the Equity Financing Agreement; or on the date that is 24 months from the date of the Agreement.
Auto Parts 4Less Group, Inc. is an industry-driven enterprise and multi-seller online marketplace built purely for the automotive industry and specifically serves those in need of automotive, truck, motorcycle, all-terrain vehicle (ATV), utility task vehicle (UTV), and boat parts. Its flagship automotive marketplace with the potential to offer buyers a range of automotive parts for cars, trucks, boats, motorcycles and RVâs on a single platform. Its product categories include tools and supplies, other parts, powersports parts, boat parts, car & truck parts, commercial truck parts, and motorcycle parts. For sellers it offers free sign-up and onboarding, a low marketplace sales fee and instant payments. Its tools and supplies product offers air compressors, air tools, auto paints & supplies, auto safety kits and supplies, auto toolboxes and storage, automotive care and detailing, automotive repair kits, battery testers and chargers, fluids & chemicals and more.