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].
Giftify, Inc. Cancels Equity Line of Credit