GivBux, Inc., a publicly traded Super App and charitable giving platform based in Newport Beach, California, has recently announced a strategic move to sell a 30% equity stake in the company for $212 million. This transaction is structured to be non-dilutive in order to protect and enhance the long-term value for shareholders.
The $212 million investment will be directed towards an income-oriented strategy managed by an experienced private credit asset manager with a focus on real estate. This multiyear commitment is aimed at generating consistent cash flow to support GivBux’s expansion plans for its Super App platform. To minimize dilution for existing shareholders, the majority shareholder of GivBux has agreed to retire a portion of its shares.
Umesh Tim Singh, the President of GivBux, Inc., expressed excitement about this investment, highlighting its importance in the company’s growth strategy and potential for global expansion.
GivBux’s Super App is at the forefront of revolutionizing shopping by providing users with a user-friendly platform to make purchases at over 100 national retailers and local merchants. Users earn cash back on every purchase, with the option to donate a portion of their earnings to a charity of their choice, aligning with GivBux’s mission of giving back.
The GivBux Super App is free to use and can be downloaded from the Google Play Store for Android and the Apple App Store for iOS. Constantly evolving, the Super App integrates various functionalities such as social networking, e-commerce, banking, messaging, food delivery, and transportation.
With a vision to build the largest community of givers, GivBux is committed to reshaping e-commerce and charitable giving, starting in the United States and expanding globally. For updates and more information, visit their website at https://givbux.com.
Disclaimer: This press release contains forward-looking statements and readers are advised to review the company’s reports filed with the Securities and Exchange Commission for a comprehensive understanding of the associated risks and uncertainties. The company does not guarantee the accuracy of forward-looking statements beyond the date of this release.
For further inquiries, contact Umesh Singh, President of GivBux, Inc., via email at ir@Givbux.com or visit their website at www.GivBux.com. Stay updated with GivBux on Instagram at https://www.instagram.com/givbux/ and on X (formerly Twitter) at https://twitter.com/givbux.