Core Insights - GivBux, Inc. intends to sell a 30% equity stake for $212 million, aiming to protect long-term shareholder value through a non-dilutive structure [1][2] - The investment will be directed into an income-oriented strategy managed by a private credit asset manager, focusing on real estate to generate consistent cash flow for GivBux's expansion [2] - The majority shareholder has agreed to retire a portion of shares to minimize dilution, marking a significant milestone in GivBux's growth strategy and global expansion plans [2][3] Company Overview - GivBux operates a Super App that enhances shopping experiences by allowing users to make purchases at over 100 national retailers and local merchants, earning cash back that can be donated to charities [3][4] - The app is free to use and is available on both Google Play Store and Apple App Store, continuously evolving with new features such as social networking, e-commerce, banking, messaging, food delivery, and transportation [3][4] - GivBux aims to build the largest community of givers, starting in the United States and expanding globally [4]
GivBux Details $212 Million Strategic Investment; Commits $212 Million to an Asset-Based Investment Vehicle
Globenewswire·2025-03-29 20:17