FAQ: BitFrontier Capital Holdings' Capital Raise Strategy with Wellfleet Investments
Summary
What is the main announcement in this press release?
BitFrontier Capital Holdings has engaged Wellfleet Investments LLC, a veteran investment banking firm, to support its strategic capital formation efforts through a two-phase capital raise plan.
Who is Wellfleet Investments LLC and what are their credentials?
Wellfleet Investments LLC is a registered broker-dealer with the SEC (SEC# 8-36769 / CRD# 18488), established in New York in 1998, and is a member of FINRA and SIPC, specializing in structuring and placing financings for private and public companies.
What are the two phases of the capital raise plan?
Phase I is a $150,000 seed raise for legal/compliance review, governance enhancements, and OTCQB uplisting readiness, while Phase II is a $1.5M to $2M institutional raise to vend in additional assets and scale operations after uplisting.
Why is this partnership significant for BFCH?
Securing a FINRA-registered investment banker at this stage validates the company’s disciplined turnaround strategy and provides access to institutional investors and family offices, enhancing credibility and potential for asymmetric returns.
What recent corporate actions has BFCH taken alongside this announcement?
BFCH has amended its Q2 Report and 2024 Management Certification on OTC Markets to ensure filings reflect current management, capitalization, and strategic direction.
How will the Phase I funds be used?
Proceeds will fund legal/compliance review, modernization of Charter and Bylaws, governance enhancements, formation of EVERMIND Labs, finalization of EVERMIND Beverage acquisition, PCAOB audit preparation, and investor relations expansion.
What is the ultimate goal of this capital raise strategy?
The goal is to create a compliant, methodical turnaround with institutional alignment, reset the corporate foundation, scale assets into value production, and build shareholder value through disciplined execution.
Where can investors find more information about Wellfleet Investments?
Additional information can be found at finra.brokercheck.com and www.wellfleetinvestments.com.
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