SING - SinglePoint secures additional $2M financing to drive acquisitions growth

SinglePoint (SING) secures $2M in preferred stock, that has a fixed price at which it converts into shares of common stock. The additional financing strengthens balance sheet and bolsters company's position to drive growth and access future synergistic expansion opportunities.Proceeds will be used for sales and marketing initiatives for the company's recently acquired leading solar lead provider, Energy Wyze, and exclusive distributor of an industrial grade, American-made, high-proficiency energy-efficient air purification technology Box PureAir."We have accomplished a lot in the last year, from acquisition to debt repayment, which has strengthened the Company as a whole. This capital raise is the culmination of all the work we have put in to setting up the Company for long term success. With the clean-up of debt and hopefully reaching operational profitability soon within our existing business units we will be able to simply focus on growing shareholder value," concluded Wil Ralston, President.Shares -3.1% pre market.

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SinglePoint secures additional $2M financing to drive acquisitions growth