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UNLOCKD Inc. (BFCH) Corporate Update FAQ: Brand Partnership, Equity Funding, and Financial Progress
TL;DR
UNLOCKD's partnership with a global brand gives them 90% ownership and full operational control of a new wellness beverage line, creating significant competitive advantage in the functional beverage market.
UNLOCKD is executing a structured plan including a $175K equity seed round, LOI conversion to binding agreement, debt elimination, and digital asset integration through specific treasury and equity policies.
UNLOCKD's wellness beverage collaboration and transparent ownership model aim to improve consumer health options while creating sustainable value through responsible corporate practices and modern financial frameworks.
UNLOCKD is pioneering corporate cryptocurrency adoption by allowing equity purchases with digital assets and adding crypto to their balance sheet for enhanced liquidity and inflation hedging.
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The update focuses on three key areas: finalizing a strategic brand partnership in the wellness beverage sector, completing a $175,000 equity seed round, and modernizing the company's balance sheet with significant debt reduction and financial improvements.
UNLOCKD has executed a Letter of Intent (LOI) with a global consumer brand partner that is approaching the binding stage, with management expecting closing conditions to be finalized within the next two weeks.
UNLOCKD would retain 90% ownership and full operational control through a dedicated subsidiary, with rights limited to the North American market, and all revenue would be recognized directly on BFCH's consolidated financial statements.
The company is in the final stage of a $175,000 equity-only seed round, with all securities being issued as restricted common stock and no convertible notes or variable-rate instruments involved.
The company has eliminated more than $2 million in legacy convertible debt, achieved an 85% reduction in total liabilities, and returned to positive shareholders' equity for the first time in several years.
The partner's identity will be publicly disclosed through a joint announcement once the LOI closing conditions and the equity seed round are finalized, which is expected within the next two weeks.
The equity-only structure with no new debt or additional dilution beyond what's been disclosed provides clean funding that creates a valuation basis for future Regulation A offerings at higher price points.
Dr. Jordan P. Balencic serves as Chairman and CEO, and has commented that these developments represent deliberate steps in the company's turnaround and commercial activation strategy.
The partnership is focused exclusively on the North American market within the wellness and functional-beverage sector, specifically targeting an emerging, rapidly growing functional-beverage category.
Curated from NewMediaWire
