EIN NEWS - ringID is a Community Social Network Company working in Social Commerce space with ~15M MAU. The company has signed an agreement with GEM Global Yield LLC SCS ("GGY"), the Luxembourg-based private alternative investment group, to provide ringID with a share subscription facility of up to CAD 250M 36-month term following a public listing. Concurrent with a public listing, ringID will issue warrants to GEM to purchase up to 4.8% of the company's common stock. The company seeks to go public via SPAC or Traditional IPO.
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