American International Holdings, Corp. Receives Funding Commitment of Up To $20 Million as an Initial Step in a Comprehensive Plan To Recapitalize The Company and Pursue Uplisting to a Major Exchange
Electra, Texas, July 17, 2023 (GLOBE NEWSWIRE) — American International Holdings, Corp. (OTCQB:AMIH) announced today that it has entered into an Equity Financing Agreement with Pacific Lion LLC (Pacific Lion) pursuant to which Pacific Lion agreed to purchase up to $20,000,000 of AMIH common stock. Pacific Lion also agreed to fund AMIH up to $400,000 under a Convertible Promissory Note to bridge AMIH through to the effectiveness of the registration of the shares to be sold under the Equity Financing Agreement.