AB International Group Corp. announced that it expects to receive $0.08 million in funding from Geneva Roth Remark Holdings, Inc.

AB International Group Corp. announced a securities purchase agreement to issue 92,000 shares of Series C convertible preferred shares at issue price of $0.86 per share for an aggregate gross proceeds of $80,000 on July 19, 2022. The transaction will include participation from returning investor, Geneva Roth Remark Holdings, Inc. The company will incur issuance legal fees and due diligence fee of $3,500 and other expenses in relation to the transaction receiving net proceeds of $70,380.

The transaction is subject to satisfaction of customary closing conditions.