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Infinium Labs, Inc. has announced a revised stock purchase program that should net the company approximately $44.0 million.
The new deal replaces one announced earlier this year, which called for stock purchases totaling $15.0 million, by SBI-USA and Infinium Investment Partners, an affiliate of Trilogy Capital Partners. The fresh agreement adds investor HaDavar HaNachon LLC into the fray.
The financing is contingent on “the filing and effectiveness of a Registration Statement with the Securities and Exchange Commission covering the resale of the shares, among other conditions.”
