General Assembly Receives Tsx Venture Exchange Acceptance Of $2 Million Loans And Amendment To Prior Loan
General Assembly Receives Tsx Venture Exchange Acceptance Of $2 Million Loans And Amendment To Prior Loan
10/01/22, 2:52 AM
Location
torontoMoney raised
$2 million
Industry
food and beverage
hospitality
food and beverage
e commerce
Round Type
seed
General Assembly Holdings Limited (the “Company” or “GA Pizza”) (TSXV: GA), a premium pizza omnichannel consumer packaged goods brand, reports that the TSX Venture Exchange (the “TSX-V”) has accepted the Company’s loans in the aggregate principal amount of $2,000,000 granted by Timothy Nye and Keleher Investments Corp. (collectively, the “Lenders”) and previously announced on August 29, 2022 and September 14, 2022 (the “New Loans”). The New Loans mature on August 26, 2023 and bear simple interest at the rate of 18% per annum. On September 26, 2022, the Company issued, as loan bonuses, an aggregate of 1,739,130 common shares of the Company to the Lenders at a deemed price per share of $0.23.
Company Info
Location
toronto, ontario, canada
Additional Info
GA Pizza began its life as a fast-casual pizza restaurant in the heart of Toronto. Nearly four years later, we also offer a freezer-to-table consumer packaged goods line and a revolutionary direct-to-consumer eCommerce experience—not to mention a pizza box with more than one pizza in it. Our ambition? Make delicious pizzas available to everyone, everywhere. We’re always working to take pizza to new heights—from showing the world that better pizza is possible, to finding new spaces and places to deliver unrivaled pizza experiences. Find us in your freezer or visit gapizza.com for more information.