ADM Endeavors, Inc. Equity Financing Agreement with GHS Investments LLC
ADM Endeavors, Inc. has entered into an equity financing agreement with GHS Investments LLC, allowing GHS to purchase up to $20,000,000 of the Company's common stock. The purchases will occur in tranches, with the price determined by the market price of the stock, adjusted based on whether the company is listed on the Nasdaq Capital Market or another national exchange. The company also agreed to issue an additional 1,156,738 shares as a commitment fee. Additionally, a registration rights agreement was signed, obligating ADM Endeavors to file a registration statement with the SEC for the shares to be issued under the equity financing agreement. The company is required to file the initial registration statement within 30 days and have it declared effective within 90 days. The agreement includes provisions for the mechanics of share purchases, conditions for the investor's obligation to purchase, limitations on ownership, and covenants from both parties regarding reporting, use of proceeds, and listing requirements.