BioLife Sciences Inc. (OTCMKTS:BLFE) Receives SEC Qualification of Regulation A+ Tier 1 Offering to Raise Capital up to $20 Million
BioLife Sciences Inc. (OTCMKTS:BLFE) is skilled in moving game-changing products from the lab or small-scale production into wider market adoption. The focus of the business is to develop, license, and distribute antimicrobial products and disruptive technology. One of the company’s main strategies is to develop, partner with, and assist innovative companies with the commercialization of leading-edge technologies.
Market Stats
On Friday, BLFE stock moved down 11.70% to $0.1270 with more than 72K shares, compared to its average volume of 58K shares. The stock moved within a range of $0.1260 – 0.1420 after opening trading at $0.1420.
BioLife Sciences Inc. Announces SEC Qualification of Regulation A+ Tier 1 Offering
BioLife Sciences Inc., announced on July 15, 2022, about successfully received the qualification of its offering statement on Form 1-A, with the Securities and Exchange Commission (SEC). The goal is to raise up to $20,000,000 ($20 million) pursuant to a Tier I Regulation A+ offering.
The $20 million is to be raised through the sale of the common stock at a price per share between $.05 and $.50. As of now, BioLife Sciences is publicly offering its stock at a price of $0.05 per share. The money raised would be used to fund and expand existing operations, payoff company debt, and complete additional acquisitions.
The company functions as a commercialization accelerator, licensor, and developer of innovative and disruptive technologies. It even aims to utilize funds raised during the offering towards the goal of becoming a fully reporting company.
The company even plans to apply for an uplisting to the OTCQB tier of the OTC Markets, which is also known as the Venture Market. It is looking to finalize the release of its new line of copper-infused products to the marketplace. The distribution of the BioLife Copper-Infused Fabric Pot, BioLife Copper-Infused Gardening Gloves, and BioLife Copper-Infused Microfiber Towels should begin soon. The objective is to disrupt the gardening and cleaning sectors with these unique products.
Nika Jaksic, COO of BioLife Sciences is elated to get the opportunity to raise funds for the company, so they can meet short-term goals while laying the foundation to achieve continued success in the coming years.
Key Quote
Nika Jaksic, COO of BioLife Sciences, noted, “We are excited to have the opportunity to raise funds for the Company in order for us to reach our short-term goals while laying the foundation for the Company to have continued success in the coming years.”
Traders Corner
BLFE stock is trading below the 20-Day and 50-Day Moving averages of $0.13 and $0.14 respectively. However, the stock is trading below the 200-Day moving average of $0.54.