Blockchain
ALYI Management Update Detailing $25 Million Anticipated First Tranche Investment Scheduled for Tomorrow
Dallas, Texas–(Newsfile Corp. – June 22, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced a management update scheduled for tomorrow, Tuesday, June 23, 2020. The purpose of the update is to present details on the structure of the anticipated $25 million first tranche investment to fund ALYI’s $300 million electric mobility initiative in Africa. ALYI last week announced drafting a letter of intent (LOI) with its funding partner delineating terms for an initial $25 million first tranche investment. Management expects to have the LOI finalized by the end of June.
ALYI has an overall $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial production of the company’s own ReVolt Electric Motorcycle. The ReVolt Electric Motorcycle pilot passed initial design requirements and ongoing pilot design refinements are expected to soon deliver a reduced overall weight and improved cruising range.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58329
Blockchain
CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities
Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.
Blockchain
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