- Giftify (NASDAQ:GIFT), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, has announced the cancellation of its equity line of credit.
- On Dec. 16, 2024, the Co. entered into a common stock purchase agreement with an institutional investor.
- Pursuant to the SPA, the Co. had the right, but not the obligation, to sell to the Investor, up to $10M of newly issued shares of the Co.’s common stock, subject to certain limitations and conditions.
- The Co. has exercised its right to terminate the SPA effective Feb. 4, 2025, by mutual agreement of the parties.
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