Livento Group Inc. (OTC:NUGN) Stock Trends Lower: Here is Why
The company, which is a well-known innovator in a range of business ventures, was in the news cycle this past Friday and could in fact come into focus this morning. On February 16, Livento Group Inc. (OTC:NUGN) was in focus after it reiterated its commitment to strengthening its robotics and AI (artificial intelligence) division. The company noted that the move would position it for a phase of transformational growth and technological advancement.
Livento Group also announced on the day that it had entered into a purchase agreement worth a maximum of $500000 with Alumni Capital. It was also announced that the company realized that there was massive potential for robotics and artificial intelligence to have a major influence on the future trajectories of a range of industries. Hence, it had decided to further strengthen its status as a trailblazer in the field.
The company revealed that it was going to channel the financing that it secured through Alumni Capital towards making new acquisitions. The progressive approach from the company would help in multiplying the value that could be derived by shareholders through the expansion of the Livento Group portfolio. Additionally, those acquisitions would also help in strengthening the company’s position in the fast-growing artificial intelligence and robotics sectors.
As per the terms of the agreement with Alumni Group, the company would have the option of selling as much as $500000 worth of its common stock up until December 31, 2025. However, it should be noted that the company did not have an obligation to do so. The shares of the common stock that would be sold to the investor would be sold at the prevailing market prices at the time of the sale. Alumni Capital would also be provided with 50% of its investment amount in the form of warrants on the basis of a valuation of $15 million.
