WEST HOLLYWOOD, CA, Dec. 31, 2020 (GLOBE NEWSWIRE) — LGBTQ Loyalty Holdings, Inc. (OTC PINK: LFAP) (“LGBTQ Loyalty” or “the Firm”), a variety and inclusion pushed monetary methodology and knowledge firm has entered right into a Non-Binding Contingent Letter of Intent to promote a few of its mental property held by its wholly-owned subsidiary, Superior Equality Choice, Inc. (the “Transaction”). The proposed buy worth could include a mix of money, securities, and different consideration, together with a non-exclusive license.
The Transaction would allow the Firm to retain its’ curiosity within the LGBTQ100 +ESG Index, its curiosity within the benchmark linked ETF and different LGBTQ associated property rights.
The ultimate construction of the Transaction shall be decided by the events following the receipt of tax, company and securities legislation recommendation. The Transaction is an arm’s size transaction and pursuant to the phrases of the Letter of Intent the events intend to shut the Transaction on or earlier than March 31, 2021.
Completion of the Transaction is topic to quite a few circumstances, together with however not restricted to the next key circumstances:
- execution of the definitive settlement;
- completion of mutually passable due diligence; and
- receipt of all required regulatory, company, and third-party approvals, together with the approval of the members of the board of administrators and stockholders of every firm, as mandatory, and the achievement of any relevant regulatory necessities and circumstances mandatory to finish the Transaction.
As extra data turns into accessible, LGBTQ Loyalty Holdings Inc. will launch extra data.
About LGBTQ Loyalty Holdings, Inc.
LGBTQ Loyalty is a variety and inclusion-driven monetary methodology and knowledge firm that quantifies company equality alignment with the LGBTQ group and minority curiosity teams. The Firm has benchmarked the first-ever U.S. Loyalty Choice Index which the Firm believes empowers the LGBTQ group to precise their preferences for the nation’s excessive performing firms most devoted to advancing equality. The Loyalty Choice Index, branded as LGBTQ100 ESG Index, is an environmental, social and governance (ESG) Index, providing an added perspective for these looking for to align with equality pushed ESG accountable firms. LGBTQ Loyalty’s management contains seasoned authorities within the monetary business and the LGBTQ group. www.lgbtqloyalty.com
This information launch comprises forward-looking statements and forward-looking data inside the which means of relevant securities legal guidelines. These statements relate to future occasions or future efficiency. All statements aside from statements of historic truth could also be forward-looking statements or data. Usually, forward-looking statements and knowledge could also be recognized by way of forward-looking terminology similar to “plans”, “ expects” or “doesn’t count on”, “proposed”, “is predicted”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases, or by way of phrases or phrases which state that sure actions, occasions or outcomes could, might, would, or would possibly happen or be achieved. Extra significantly and with out limitation, this information launch comprises forward-looking statements and knowledge regarding the Transaction. Ahead-looking statements include statements that aren’t purely historic, together with any statements relating to beliefs, plans, expectations, or intentions relating to the longer term. Readers are cautioned to not place undue reliance on forward-looking statements, as there might be no assurance that the plans, intentions, or expectations upon which they’re based mostly will happen. By their nature, forward-looking statements contain quite a few assumptions, recognized and unknown dangers and uncertainties, each common and particular that contribute to the chance that the predictions, estimates, forecasts, projections, and different forward-looking statements is not going to happen.
The forward-looking statements contained on this press launch are made as of the date of this press launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by, third events in respect of the issues mentioned above.
LGBTQ Loyalty Holdings, Inc.
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