Shares Up on Registration News

Shares Up on Registration News

By: Tomas Ronolski - AllPennyStocks.com News

Monday, September 26, 2022

In a mixed morning for stocks, shares of this company are trading higher on news that it had filed with the SEC to be listed on a national exchange.

Major League Football, Inc. (OTCPINK:MLFB) has filed a Form S-1 Registration Statement with the Securities and Exchange Commission (SEC) per the company’s press release. This is in connection with its previously announced Common Stock Purchase Agreements with Janbella Group LLC, and Alumni Capital LP, for $2,500,000 each, or a total of $5,000,000.

According to CEO Frank Murtha, following the review and approval by the SEC, "MLFB will have access to the capital necessary to retire certain debts and obligations, as well as provide necessary working capital to thoroughly prepare for its full Spring 2023 season.” He went on to state that staff is working on plans for 2023 for both existing cities and new markets.  

Shares were trading at $0.0015, which is up over seven percent, in morning trade.


Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Telcom Innovator Receives New Order
Shares of Lithium Development Company Pop After Investment from Canadian Government
U.S. Consumer Sentiment Fell Again in November But Exceeds Expectations
Most Popular
FREE Newsletter


Back to Top