Curated News
By: NewsRamp Editorial Staff
April 09, 2025
GivBux to Acquire Charter House, LLC in Deal Involving Gold-Based Financial Services
TLDR
- GivBux (OTC: GBUX) to acquire Charter House, specializing in gold financial services, gaining potential revenue growth.
- GivBux plans to purchase Charter House with 1 million stock shares and raise $50 million through a preferred stock offering.
- GivBux aims to enhance charitable giving with its Super App, fostering a community of givers globally.
- GivBux revolutionizes shopping with cashback, charity donations, and expanding features in its user-friendly Super App.
Impact - Why it Matters
This news matters as it highlights GivBux's strategic move to expand its offerings by acquiring Charter House, LLC, and entering the gold-based financial services sector. The acquisition and planned fundraising demonstrate GivBux's commitment to growth and innovation in the financial services industry.
Summary
GivBux (OTC: GBUX) has signed a non-binding Letter of Intent to acquire 100% of Charter House, LLC, a company specializing in gold-based financial services. Charter House will receive 1 million shares of GivBux stock, with potential earn-out shares based on future revenue milestones. GivBux plans to raise $50 million through a preferred stock offering to support Charter House’s operations, including wholesale gold sales and gold-backed credit cards.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, GivBux to Acquire Charter House, LLC in Deal Involving Gold-Based Financial Services
