Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies
30 Julio 2024 - 7:00AM
InvestorsHub NewsWire
LAS VEGAS, NV -- July 30, 2024 --
InvestorsHub NewsWire -- Avant Technologies, Inc. (OTCQB:
AVAI) (“Avant”), an emerging technology company developing
solutions in artificial intelligence (AI) data center
infrastructure, today announced that it has entered an Equity
Financing Agreement (“Investment Agreement”) with GHS Investments
(GHS). Pursuant to the Investment Agreement, GHS has agreed to
purchase up to $20 million in registered common stock. The timing
and amounts of the purchases will be determined at the sole
discretion of Avant.
Avant’s Chief Executive Officer,
Kenneth L. Waggoner, said of the Investment Agreement, “This
relationship with GHS serves as an insurance policy, of sorts, as
we continue our efforts to deliver infrastructure solutions to AI
and big data companies, organizations, and institutions. It also
covers us as we begin to explore broadening our footprint in the
technology sector beyond AI.
“Our expectation is to attract
institutional investors as we present our plan to expand into other
technologies, including the biotechnology sector to high-level
investors. The equity line from GHS offers Avant the necessary
capital should it become necessary. We appreciate the confidence
that GHS has placed in Avant and our future in the technology
industry.”
GHS is a leading private investment
and management group providing financial solutions for
high-potential small-cap companies. GHS has made investments into
multiple successful portfolio companies in the small cap space that
are seeking capital to measurably grow and scale their existing
businesses to take advantage of emerging market sectors.
About Avant Technologies,
Inc.
Avant Technologies, Inc. is at the
forefront of AI innovation, specializing in the development and
deployment of advanced data processing solutions. With a focus on
pushing the boundaries of what is possible in AI and machine
learning, Avant serves a diverse range of industries, driving
progress and efficiency through state-of-the-art technology.
More information about Avant can be
found at https://avanttechnologies.com
You can also follow us on social
media at:
https://twitter.com/AvantTechAI
https://www.linkedin.com/company/avant-technologies-ai
https://www.facebook.com/AvantTechAI
https://www.youtube.com/@AvantTechAI
Forward-Looking
Statements
Certain statements contained in
this press release may constitute “forward-looking
statements.” Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact. Actual results may differ
materially from those indicated by such forward-looking statements
because of various important factors as disclosed in our filings
with the Securities and Exchange Commission located at their
website (http://www.sec.gov). In
addition to these factors, actual future performance, outcomes, and
results may differ materially because of more general factors
including (without limitation) general industry and market
conditions and growth rates, economic conditions, governmental and
public policy changes, the Company’s ability to raise capital on
acceptable terms, if at all, the Company’s successful development
of its products and the integration into its existing products and
the commercial acceptance of the Company’s products. The
forward-looking statements included in this press release represent
the Company's views as of the date of this press release and these
views could change. However, while the Company may elect
to update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be
relied upon as representing the Company's views as of any date
after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
Avant Technologies (QB) (USOTC:AVAI)
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