Blockchain Technology Company BlackStar Secures Institutional Investor for Debt Repayment, Seeks Valuation and Eyes Revenue Possibilities Through IP Licensing [Yahoo! Finance]
BLACKSTAR ENTERPRISE GRP (BEGI)
NASDAQ:AMEX Investor Relations:
blackstarenterprisegroup.com/investor-relations
Company Research
Source: Yahoo! Finance
into an agreement to retire $861,539.26 of debt ("the Settlement Amount") in a transaction pursuant to 3(a)(10) of the Securities Act. Continuation Capital, Inc. ("CCI"), a Delaware corporation, purchased the obligations from certain vendors of the Company, which consist of accounts payable due from the Company. Mr. Kurczodyna states that over 90% of the Company's short-term liabilities are being renegotiated or paid. He said BlackStar's relationship with an institutional investor, CCI, strengthens the Company's balance sheet, shows a level of confidence from the Street, and prepares the company for future funding. Mr. Kurczodyna also stated that the next step for the Company is a valuation of our patents and a licensing strategy. He believes that the recent SEC registration of Crypto Currency Assets secured by Exchanged Traded Funds sends a clear signal to the Investment Banking world that digital assets trading on blockchain will trade through Brokers as Spot Market ETFs. BlackS
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Sec Filings
- 11/14/24 - Form NT
- 11/5/24 - Form 8-K
- BEGI's page on the SEC website