FAVO Capital Secures $2 Million in Bridge Financing

FAVO Capital, Inc., a leader in alternative financing solutions, announced a $2 million bridge financing deal. This agreement includes the sale of 8 million shares and warrants exercisable for up to 8 million more at $0.25 per share. D. Boral Capital acted as the exclusive placement agent.

The warrants are immediately exercisable at $0.40 per share and valid for five years. Closing is anticipated for December 11, 2024, contingent on standard conditions. These securities, sold under Regulation D, are exempt from registration under the Securities Act of 1933.

CEO Vincent Napolitano and President Shaun Quin express confidence in achieving long-term goals and growing FAVO's market position. This move aligns with their aspirations for a NASDAQ uplisting.