Eat & Beyond Global Holdings Inc C.EATS

Private Placement Closed - 1.313M raised

[Gringotts]

Eat Beyond Global Closes Over Subscribed Private Placement of Units

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C. – April 9, 2021 – Eat Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative food sector, is pleased to announce, further to its news release of April 6, 2021, that it has closed its previously announced non-brokered private placement of units of the Company (the “Units”) by the issuance of 541,270 Units at $2.09 per Unit for gross proceeds of $1,131,255.00 (the “Offering”). Each Unit consists of one common share in the capital of the Company (a “Share”) and one transferrable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $2.50 on or before April 9, 2023. All securities issued in connection with the Offering are subject to a statutory hold period of four-months and one day ending on August 10, 2021. The proceeds from the Offering will be used for general working capital.

[PhDtrader]

Finally! Wish it had happened when sp was ~$4 but oh well, $2.07 is still a might fine increase from their ipo at $0.85 just back in November. Better late than never. EATS sp will be back up over $2 in no time.  $1 million + is big cash for EATS, certain to set the foundation for an expanding portfolio. Lets hope EATS finds opportunity to increase its share of Turtle Tree or Eat Just