NFiniTi secures $20 million equity line of credit

NFiniTi Inc., an oil and gas field exploration services company with a market capitalization of $129.4 million, has entered into a $20 million Equity Line of Credit Agreement with RH2 Equity Partners, according to an 8-K filing with the Securities and Exchange Commission on May 20, 2025. The company’s stock, currently trading at $28.25, has seen a -5% return year-to-date according to InvestingPro data. This agreement allows NFiniTi to issue and sell newly issued shares of its common stock to the investor over a two-year period, ending May 20, 2027, or until the full amount is purchased.

The agreement stipulates that NFiniTi can direct RH2 Equity Partners to purchase shares at predetermined conditions, including a Beneficial Ownership Limitation and a Maximum Common Stock Issuance limit. The pricing for these shares will vary depending on whether the company issues Rapid Purchase Notices or VWAP Purchase Notices, with the purchase price linked to the stock’s trading performance. InvestingPro analysis indicates weak gross profit margins, which may explain the company’s need for additional funding.

Additionally, NFiniTi has committed to filing a registration statement on Form S-1 to facilitate the resale of the shares issued under this agreement. The sale of common stock through this equity line is exempt from registration under the Securities Act of 1933, as amended, and is subject to certain conditions due to the company’s status as a "shell company."

The 8-K filing also includes the full text of the Equity Line of Credit Agreement and the Registration Rights Agreement as exhibits, providing transparency into the terms of the agreements. This financial move offers NFiniTi a flexible option for raising capital over the next two years while complying with SEC regulations. For deeper insights into NFiniTi’s financial health and additional key metrics, including exclusive financial analysis and valuation models, visit InvestingPro.

In other recent news, NFiniTi Inc. has secured a $1 million convertible promissory note from RH2 Equity Partners, aiming to provide the company with additional capital. The note, issued on May 20, 2025, carries a 15% annual interest rate and matures on May 20, 2026. Value Exchange International, Inc. has been delisted from the OTCQB marketplace and moved to the OTC Pink Limited Information marketplace due to not filing its annual Form 10-K on time. The company plans to reapply for OTCQB listing after completing necessary filings with the SEC. SafeSpace Global Corporation has undergone a corporate rebranding, changing its name from Healthcare Integrated Technologies Inc. and adopting a new ticker symbol "SSGC." This rebranding aligns with its strategic focus on AI technology. Meanwhile, 37 Capital Inc. has filed its annual report with the SEC, providing a detailed overview of its financial performance for the year ending December 31, 2024. TurnKey Capital, Inc. has acquired technology assets from Aedan Looking Glass Inc., valued at $1,482,000, marking a significant corporate shift and appointing new management.

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