LGBTQ Loyalty Holdings, Inc. Signs Letter of Intent to sell Certain Intellectual Property
December 31, 2020 at 08:30 am EST
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LGBTQ Loyalty Holdings, Inc. has entered into a Non-Binding Contingent Letter of Intent to sell some of its intellectual property held by its wholly-owned subsidiary, Advanced Equality Preference, Inc. (the “Transaction”). The proposed purchase price may consist of a combination of cash, securities, and other consideration, including a non-exclusive license. The Transaction would permit the Company to retain its’ interest in the LGBTQ100 +ESG Index, its interest in the benchmark linked ETF and other LGBTQ related property rights. The final structure of the Transaction will be determined by the parties following the receipt of tax, corporate and securities law advice. The Transaction is an arm’s length transaction and pursuant to the terms of the Letter of Intent the parties intend to close the Transaction on or before March 31, 2021.
LGBTQ Loyalty Holdings, Inc. is a financial methodology and media company. The Company is focused on unlocking the purchasing power of the LGTBQ community globally by offering a LGBTQ Index and core ETF portfolio that attract institutional investors and corporations. It provides the Loyalty Preference Index (the Index ETF), branded as the LGBTQ100 ESG Index, which is an environmental, social, and governance (ESG) Index. Its LGBTQ100 ESG Index integrates lesbian, gay, bisexual, transgender, and questioning (LGBTQ) community survey data into the methodology for a benchmark listing of the nations financially performing large-cap publicly listed corporations. The Index ETF provides the LGBTQ community and their allies with various Fortune 500 companies that support and implement diversity, inclusion, and equality policies within their organizations. The Company, through its wholly owned subsidiary, Loyalty Preference Index, Inc. (LPI), provides an index for the LGBTQ + ESG100 ETF.
LGBTQ LOYALTY HOLDINGS, INC. 
