LGBTQ Loyalty Holdings, Inc. announced that it has received $0.15375 million in funding
May 03, 2021
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LGBTQ Loyalty Holdings, Inc. (OTCPK:LFAP) announced that it has entered into a securities purchase agreement with returning investor PowerUp Lending Group, Ltd. for private placement of a convertible note for gross proceeds of $153,750 on May 4, 2021. The company issued convertible note in the principal amount of $169,125 at a discount of $15,375. The note will become due and payable on May 4, 2022 and accrues interest at a rate of 10% per annum. The note plus all accrued but unpaid interest and other amounts due on the note may be prepaid by the company on or prior to the 30th day, amount due upon prepayment will be multiplied by 110%, between 31th and 61st day at 115%, between 61st and 90th day at 120%, between 91st and 120th at 125%, between 121st and 150th at 130%, and between 151st and 180th at 135%. The note is convertible into common shares at a conversion price of 60% multiplied by the lowest trading price for the common stock during the 20 trading day period ending on the latest complete trading day prior to the conversion date. The securities are being issued pursuant to exemption provided under Section 4(a)(2) of the Securities Act, Rule 501(a) of Regulation D, and Rule 506 promulgated thereunder.
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. 
