LPI is offering a 9% per annum bond with quarterly payments on a 5-year term. The bond is redeemable once per quarter, up to 5% of the principal and interest of the bond.
United States, May 6, 2021 /AlexaBlockchain/ – Global Investment bank Entoro Capital has partnered with blockchain-powered payments platform LODE Payments International (LPI) to raise $10 million from Accredited Investors under the Securities and Exchange Commission (SEC) Reg D 506c offering.
LPI is offering a 9% per annum bond with quarterly payments on a 5-year term (non-renewable). The bond is redeemable once per quarter, up to 5% of the principal and interest of the bond, at the demand of the Bondholder. The bond is subordinated debt with no existing senior debt.
With payment giants attracting millions of annual active users, Entoro is always looking to provide Investors with new opportunities to tap into blockchain technology as it grows further in the financial industry.
James Row, Managing Partner of Entoro Capital, commented:
“This bond offering provides Investors with a smart way into investing in fintech and blockchain as LPI is primed to become the Paypal of stable assets. Through its proprietary wallet application, LPI is enabling users to access, send, and spend stable digital assets globally and we are excited to be a part of advancing their mission.”
Nicholas Prouten, COO of LPI, said:
“We want to provide people with a payment system that works for them, allowing them to access stable assets that help them preserve wealth over time. With the LODEpay Wallet, users can seamlessly manage their digital assets and fiat as they experience faster transaction speeds, lower fees, and massive growth opportunities globally. We’re excited to partner with Entoro to get more people on board with restoring stability to our economic system.”
FAQ:
Regulation D (Reg D) allows companies to sell equity or debt securities without registering them with the Securities and Exchange Commission (SEC). Under Reg D, there are different exemptions that companies can use to offer investments. A company can sell debt or preferred equity through a 506(c) offering. There is no limit to the amount a company can raise.
