LGBTQ Loyalty Holdings, Inc. announced that it has received $0.15 million in funding from GHS Investments, LLC
May 11, 2021
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LGBTQ Loyalty Holdings, Inc. (OTCPK:LFAP) announced that it has entered into a subscription agreement with existing investor GHS Investments, LLC for private placement of 150 series D convertible preferred shares at a price of $1,000 per share for gross proceeds of $150,000 on May 12, 2021. The preferred stock bears a dividend of 8% per annum and is convertible into common shares at a price of $0.008109 per share. The preferred shares are restricted and redeemable. The company also issued 1,500,000 warrants exercisable at $0.001 per common share for a period of 5 years. The securities were issued pursuant to exemption provided under Regulation D.
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. 
