LGBTQ Loyalty Holdings, Inc. announced that it expects to receive $0.44 million in funding from GHS Investments, LLC
April 07, 2021
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LGBTQ Loyalty Holdings, Inc. (OTCPK:LFAP) announced that it has entered into a subscription agreement with GHS Investments, LLC for a private placement of 400 series D convertible preferred stock and a five year warrant to purchase up to 40,000,000 shares of common stock for gross proceeds of $440,000 on April 8, 2021. The preferred stock bears a dividend of 8% per annum. The preferred stock is convertible into common shares at a price of $0.008109. The preferred shares are restricted and redeemable. The warrant will be exercisable to purchase a common share at a price of $0.001 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.
LGBTQ LOYALTY HOLDINGS, INC. 
