Strategic Acquisitions, Inc. announced that it expects to receive $0.04 million in funding
September 08, 2021
Share
Strategic Acquisitions, Inc. announced a private placement of 200,000 unregistered restricted shares at the price of $0.2 per share for gross proceeds of $40,000 on September 8, 2021. The transaction will include participation from four private purchasers. The minimum investment per investor is $10,000. The shares were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended and Rule 506. Section 4(2) was available because the transaction. The outstanding shares of the company will increase from 2,515,000 to 2,715,000. The purchasers were referred via long-term pre-existing business relationships of Jonathan Braun, Chairman of the company.
Strategic Acquisitions, Inc., through its subsidiary, Exworth Union Inc (Union), is engaged in providing loans collateralized by digital assets. The Company originates United States (US) dollar-denominated loans and offers loans to both individual and business borrowers who own digital assets and desire to borrow against such digital assets rather than selling them. Borrowers that receive loans from the Company are required to transfer a specified value of digital assets to the Company to be held as collateral and security for the repayment of the loans. Upon maturity and repayment of a borrowerâs loan, the digital asset collateral is returned to the borrower. The Company also provides loan administration services to borrowers and lenders. The Company offers processing loan payments, forwarding information to counterparties, responding to inquiries, keeping loan profile records, preparing loan statements, and managing bank accounts and collateral accounts.