LGBTQ Loyalty Holdings, Inc. announced that it expects to receive $0.25 million in funding from GHS Investments, LLC
July 12, 2021
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LGBTQ Loyalty Holdings, Inc. announced that it has entered into a subscription agreement with existing investor GHS Investments, LLC for private placement of 250 Series D convertible preferred shares at a price of $1,000 per share for gross proceeds of $250,000 on July 13, 2021. The holder of the Series D preferred stock has the right to receive a dividend equal to eight percent (8%) per annum and is convertible into common shares at a price of $0.008109 per share.
LGBTQ Loyalty Holdings, Inc. is a financial methodology and media company. The Company is focused on unlocking the purchasing power of the LGTBQ community globally by offering a LGBTQ Index and core ETF portfolio that attract institutional investors and corporations. It provides the Loyalty Preference Index (the Index ETF), branded as the LGBTQ100 ESG Index, which is an environmental, social, and governance (ESG) Index. Its LGBTQ100 ESG Index integrates lesbian, gay, bisexual, transgender, and questioning (LGBTQ) community survey data into the methodology for a benchmark listing of the nations financially performing large-cap publicly listed corporations. The Index ETF provides the LGBTQ community and their allies with various Fortune 500 companies that support and implement diversity, inclusion, and equality policies within their organizations. The Company, through its wholly owned subsidiary, Loyalty Preference Index, Inc. (LPI), provides an index for the LGBTQ + ESG100 ETF.