FCCC, Inc. announced that it has received $0.065 million in funding
September 20, 2020
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FCCC, Inc. (OTCPK:FCIC) announced that it has entered into a note purchase agreement with Frederick L. Farrar, Chief Executive Officer and Chief Financial Officer of the company for a convertible promissory note in aggregate principal amount of $65,000 on September 21, 2020. The notes carry a fixed annual rate of 5.00%, interest per annum due and payable in cash on October 31, 2022. The note is unsecured and may be prepaid by the company in whole or in part at any time without penalty or premium, at the option of the company. Mr. Frederick L. Farrar has the option, on or prior to the maturity date, to convert all of the principal and accrued but unpaid interest under this note into the company’s common stock, no par value, at a conversion price of $0.23 per share. The securities are subject to exemption provided under the Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D.
FCCC, Inc. is a shell company. The Company's operations consist of a search for a merger, acquisition, reverse merger, or a business transaction opportunity with an operating business or other financial transaction. The Company has no arrangements or understandings with respect to any potential merger, acquisition, reverse merger or business combination candidate pursuant to which the Company may become an operating company. The Company has not restricted its search to any particular business, industry, or geographic location. In evaluating a potential transaction, the Company analyzes all available factors and makes a determination based on a composite of available facts, without reliance on any single factor. The Company has limited operations.
FCCC, INC. 
