Connect with us

Alt Football

PR: MLFB Announces a Tier 2 Reg A Offering

LAKEWOOD RANCH, FL / ACCESSWIRE / December 14, 2021 / Frank Murtha, President and CEO of Major League Football, Inc. (OTC PINK:MLFB)

“As previously disclosed, the Company has engaged the services of a well-known and respected investment bank headquartered in New York to assist in pursuing short-term financing of approximately $3 million followed by a planned tiered subsequent raise of approximately $27 million between the end of calendar 2021 and the first calendar quarter of 2022. In addition, our management has been engaged with several high net-worth individuals and funds who have expressed an interest in being part of our League as investors.

The investment bank has recently presented to the Company for its consideration a non-binding Term Sheet from a Fund for a common stock equity line in the amount of $5,000,000 (Five Million Dollars). This is currently being actively reviewed but has not yet been accepted. The Company has continued its discussions with high net-worth individuals and one other Fund interested in investing in the Company. There is no guarantee that the Term Sheet will be consummated into full definitive documents and an eventual funding for the Company but represents a significant step in our Funding process.

In addition the Company has recently retained legal counsel who are preparing filings with the SEC for a Tier 2 Regulation A offering of common stock. This process is currently underway as of the date of the filing of this form 10-Q. There is no guarantee that a Tier 2 Regulation A offering will be consummated and an eventual funding to the Company. This, as well ,is another significant step in the Company’s funding process for its planned 2022 Spring season.


Unleash the Action: Sign up for XFL Insider and Fuel Your Passion for Football!


Mark Perry, a passionate sports journalist and the founder and editor of XFL News Hub, has been at the forefront of covering the XFL since its revival in 2018. Within days of the XFL's announced return, Mark initiated XFL News Hub to keep the fans abreast of every detail, game, and development of the league. Mark's extensive knowledge of the sport, combined with his unwavering dedication to providing comprehensive and accurate reporting, has made XFL News Hub the go-to platform for all things related to the XFL. His work over the years has brought him recognition in the world of sports journalism, solidifying his place as a leading voice in XFL coverage. Beyond just reporting, Mark believes in fostering a community around the XFL, engaging fans through his innovative content and discussions. If you have any inquiries, comments, or insights you'd like to share, Mark welcomes you to contact him directly at mark.perry@xflnewshub.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in Alt Football