VNUE, Inc. announced that it has entered into a securities purchase agreement for private placement of up to 250 series B convertible preferred stock for $1,000 per share for gross proceeds of $250,000 on April 13, 2022. The transaction will include participation from GHS Investments, LLC. As part of the transaction, the company issued to investor commitment shares of 10 series B convertible preferred stock and a warrant to purchase 57,777,778 common stock issuable upon conversion of the series b convertible preferred stock.

The warrant can be exercised at a price of $0.00594 into one common stock for a period of five years. The company may redeem the shares under certain conditions. The company shall pay a dividend of 10% per annum on the series B convertible preferred stock on quarterly basis, and at the company's discretion, in cash or Series B convertible preferred stock.

The securities issued in the transaction are restricted.