SinglePoint Inc. announced that it has entered into a securities purchase agreement with 622 Capital, LLC for a private placement of (i) an aggregate principal amount of $600,000 of 20% original issue discount senior notes, and (ii) 2,620,545 shares of common stock, par value $0.0001 per share on October 25, 2022. Each Note was designated as a 20% Original Issue Discount Senior Note due the earlier of January 21, 2023 or upon the occurrence of the Liquidity Event. The company shall have the option to prepay the motes at any time after the Original Issue Date prior to or on the Maturity Date at an amount equal to the sum of the outstanding principal amount of the Notes and any accrued and unpaid interest thereon, without any prepayment premium or penalty.