Xalles Files Form 1-A with SEC for Regulation A+ Fundraising
Washington DC - (NewMediaWire) - January 18, 2022 - Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing innovative technology and financial services solutions, today announced that it has filed Form 1-A with the Securities and Exchange Commission (SEC) to seek qualification for raising capital under a Tier I Regulation A+ offering (Title IV of the Jobs Act of 2012).
The filing is structured to raise up to $10 million through the filing at a price of $0.025 per share. Within the filing document is a breakdown of the planned use of funds depending on the total amount raised. In summary, the money raised would be used to fund existing operating companies, payoff company debt and complete additional acquisitions.
This process and fundraising initiative will also enable Xalles to complete the tasks it requires to become fully SEC reporting and subsequently apply to uplist to the OTCQB (Quotation Board), which is also known as The Venture Market.
About Xalles Holdings Inc.
Xalles Holdings Inc. is a holding company that focuses on the acquisition, alignment, and growth of disruptive fintech companies. The company actively seeks targets in which it can acquire and accelerate market expansion, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial solutions, which, over time, will allow for the capture of recurring revenue streams.
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