Core Viewpoint - Giftify, Inc. has announced the cancellation of its equity line of credit (ELOC) and the termination of a common stock purchase agreement with an institutional investor, reflecting a strategic decision in its financial management [1][2]. Company Overview - Giftify, Inc. operates leading digital platforms, CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment experiences [3]. - CardCash.com serves as a secondary gift card exchange platform, enabling consumers and retailers to buy and sell gift cards [3]. - Restaurant.com is recognized as the largest restaurant-focused digital deals brand in the U.S., connecting consumers with thousands of dining, retail, and entertainment deals across over 184,000 locations [3]. Financial Decisions - The company entered into a common stock purchase agreement on December 16, 2024, allowing it to sell up to $10,000,000 of newly issued shares, which has now been mutually terminated as of February 4, 2025 [2].

Core Insights - Giftify, Inc. is focusing on strategic growth initiatives for Restaurant.com, aiming to enhance shareholder value and re-activate its user base [1][2] - The Corporate Incentives division is a key area for expansion, with plans to hire additional sales and marketing personnel to drive growth [2][6] Company Overview - Giftify, Inc. operates digital platforms CardCash.com and Restaurant.com, specializing in incentives and rewards in retail, dining, and entertainment [3] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [2][3] Strategic Growth Initiatives - The company aims to re-activate its past registered users, which numbered around 10 million during its peak [2] - Plans include expanding the Corporate Incentives segment, which has already shown success through various campaigns [2][6] - Additional strategies involve enhancing user engagement through personalized deal recommendations and increasing activity among existing restaurants on the platform [6]

Core Insights - Giftify, Inc. aims to enhance revenue by increasing the number of participating retailers, users, and transactions on its CardCash platform [1][3] Strategic Growth Initiatives - The company has identified several strategic priorities to accelerate growth at CardCash, including expanding the retail merchant network through new partnerships and cross-selling partnerships with other consumer platforms [2][6] - The launch of innovative offerings and the ability to sell gift cards through the app are also key initiatives [6] - Enhancing user engagement through data, artificial intelligence, and personalized deal recommendations is a focus area [6] Fraud Prevention - CardCash's proprietary online fraud prevention tool, FraudFix, is critical for combating fraud risks, analyzing transactions in under one second using over 165 parameters [2][6] Company Overview - Giftify, Inc. operates CardCash.com, a leading secondary gift card exchange platform, and Restaurant.com, the largest restaurant-focused digital deals brand in the U.S. [4] - The company connects digital consumers with businesses, offering thousands of dining, retail, and entertainment deals nationwide [4]

Core Points - Giftify, Inc. announced a public offering of 600,000 shares at a price of $1.00 per share, expecting gross proceeds of approximately $600,000 before expenses [1] - The offering is set to close on January 16, 2025, pending customary closing conditions [1] - Craft Capital Management LLC is the sole placement agent for this offering [2] Company Overview - Giftify, Inc. operates digital platforms such as CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment [4] - CardCash.com is a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [4] - The company aims to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital, and administrative expenses [2]

Core Viewpoint - Giftify, Inc. has announced a public offering of 600,000 shares at a price of $1.00 per share, aiming to raise approximately $600,000 in gross proceeds before expenses [1][2]. Group 1: Company Overview - Giftify, Inc. operates digital platforms CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment [4]. - CardCash.com is a secondary gift card exchange platform, while Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering deals at over 184,000 restaurants and retailers [4]. Group 2: Offering Details - The public offering consists of 600,000 shares with no warrants, expected to close on January 16, 2025, subject to customary closing conditions [1]. - Craft Capital Management LLC is the sole placement agent for this offering [2]. - The net proceeds from the offering will be used for general corporate purposes, capital expenditures, working capital, and general administrative expenses [2]. Group 3: Regulatory Information - A shelf registration statement related to the public offering was filed with the SEC and declared effective on October 15, 2024 [3]. - Preliminary prospectus supplements and accompanying prospectus are available on the SEC's website [3].

Core Insights - Giftify, Inc. is celebrating the second year of its white label partnership with CVS, which facilitates a gift card exchange program [2][4] - The partnership allows CVS to accept unwanted gift cards for store e-credit, enhancing customer experience and providing value [3][4] Company Overview - Giftify, Inc. operates leading digital platforms, including CardCash.com and Restaurant.com, focusing on incentives and rewards in retail, dining, and entertainment [2][5] - CardCash.com is a prominent secondary gift card exchange platform, enabling consumers and retailers to buy and sell gift cards [5] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering thousands of dining, retail, and entertainment deals nationwide [5] Partnership Details - The collaboration with CVS is aimed at providing a solution for consumers who have unwanted gift cards, allowing them to trade these cards online for e-credit [4] - The initiative is positioned as a win-win for both consumers and retailers, aligning with the growing trend of gift card versatility [4] Market Position - Giftify, Inc. connects digital consumers, businesses, and communities, offering extensive options for savings at over 184,000 restaurants and retailers across the country [5] - The company emphasizes its commitment to providing the best deals for consumers, enhancing the overall value proposition of its platforms [5]

Reflects Increased Demand and Usage of its Leading Digital Platforms SCHAUMBURG, IL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ:GIFT) (the "Company"), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining and entertainment experiences, is pleased to announce its strong finish to 2024 and that its annual 2024 revenue was greater than the previously provided forecast of $85 million. The better-than-expected r ...

Reflects Increased Demand and Usage of its Leading Digital Platforms SCHAUMBURG, IL, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining and entertainment experiences, is pleased to announce its strong finish to 2024 and that its annual 2024 revenue was greater than the previously provided forecast of $85 million. The better-than-expected ...

SCHAUMBURG, IL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ:GIFT) (the "Company"), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce robust sales growth of approximately 57% for the recent shopping holiday of Black Friday through Cyber Monday. This growth resulted in $3.1 million in face value of gift cards sold and was comprised of 8,825 orders with an ...

SCHAUMBURG, IL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce robust sales growth of approximately 57% for the recent shopping holiday of Black Friday through Cyber Monday. This growth resulted in $3.1 million in face value of gift cards sold and was comprised of 8,825 orders with a ...