BEBUZEE, INC. (ENGA) Announces Private Placement Offering Of Up To $10 Million Of Common Stock

Contemplated Sale Of Restricted Shares Will Enable Company To Have Sufficient Capital As It Seeks To Become Hi-Profile Global Social Media Platform
By: Bebuzee Group Holdings SEZC
 
GRAND CAYMAN, Cayman Islands - April 14, 2022 - PRLog -- The executive management of Bebuzee, Inc. (ENGA) announced today that the company intends to offer, subject to market conditions and other factors, up to $10 million of its common stock in a private placement made subject to the exemption from registration provided for by Rule 506(c) of the Securities Act of 1933, as amended (the "Offering").

"Raising this much needed capital in the proposed offering will allow Bebuzee to meet a number of its core operational objectives," stated Joseph Onyero, Chief Executive Officer of Bebuzee, Inc. "Competition in the social media space is intense and having the needed capital to fully offer and market our unique value proposition is essential," he continued.

Bebuzee intends to use the net proceeds from the Offering for general corporate purposes, including working capital, operating expenses, capital expenditures, and to pay for the further development of the company's social media platform.

This press release is not an offer to sell and is not soliciting an offer to buy any securities, nor will it constitute an offer, solicitation, or sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Based in Miami, Florida, Bebuzee, Inc. offers a unique, proprietary video-sharing platform and streaming service that allows our members to watch a wide variety of content such as movies, series, documentaries and talk shows on any internet-connected device. Bebuzee's technology scans the world's news, features and information flow to give its dedicated readers the best of the Internet in one place. A one-stop platform for breaking news, interesting and important blogs, videos, and photos. Bebuzee offers an addictive resource for those millions of people without time to scavenge the Internet and other sources for news and information. Bebuzee's latest investor pitch deck may be found at: https://www.bebuzeegroup.com/brochure

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, about Bebuzee, Inc. and the company's industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding the proposed terms of the shares, the completion, timing, and size of the proposed offering of the shares, and the anticipated use of the net proceeds from the proposed offering of the shares are forward-looking statements.

Contact
Joseph Onyero, Chief Executive Officer
***@bebuzee.com
End
Email:***@bebuzee.com
Tags:Enga
Industry:Advertising
Location:Grand Cayman - Grand Cayman - Cayman Islands
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