RPMT - Rego Payment Architectures Inc. Announces Completion of Its $25 Million Series B Preferred Stock Financing | Benzinga
Rego Payment Architectures, Inc. completes its Series B Preferred Stock private placement, increasing the total capital raised to over $100 million.
BLUE BELL, Pa., May 17, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. ("REGO") (OTCQB:RPMT), today announced that it has raised an additional $3.5 million through the private placement of 38,889 shares of the company's Series B Preferred Stock, which completes its $25 million Series B Preferred Stock offering.
Peter S. Pelullo, Chief Executive Officer at REGO, said, "The completion of our Series B Preferred Stock offering brings the total capital raised by REGO north of $100 million. This most-recent investment, combined with our $20 million line of credit availability, provides the financial pathway for execution of our 2024 corporate and strategic goals."
For more information about REGO, please visit www.regopayments.com
About REGO
Rego Payment Architectures, Inc. ("REGO") provides a family digital wallet platform that empowers financial institutions to let their customer's children spend, save, donate and invest in a safe, parent-controlled ...