SA Breaking News - ALYI and RevoltTOKEN ink agreement for African EV initiative
23 Julio 2020 - 1:09PM
InvestorsHub NewsWire
July 23, 2020 -- InvestorsHub NewsWire -- via Khyathi Dalal, SA News Editor
Jul. 23, 2020 1:07 PM ET|About: Alternet Systems, Inc. (ALYI)|By: Khyathi Dalal, SA News
Editor
![](https://cdn.apk4all.com/wp-content/uploads/apps/Seeking-Alpha/5I0fpyZ1GBtePv5g2B8A61BJgTVin6Nv0DNY_wZQF-ra58cH6vMVTWBtMU8AD_GkpBA8-170x170.png)
Alternet
Systems (OTCPK:ALYI -12.6%) introduced the RevoltTOKEN cryptocurrency
dedicated to funding the former's $300M electric vehicle initiative
in Africa.
RevoltTOKEN
entered into a letter of intent agreement to fund ALYI with a first
$25M tranche of the overall plan to fund an overall $100M; it has
further agreed to pre-fund up to the first $2.5M of the first $25
million tranche.
Other Seeking Alpha Stocks On The Move:
KULR,
NHYDY, and
MRMD.
SOURCE: Khyathi Dalal, SA News Editor
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