SinglePoint Inc. announced that it has entered into a securities purchase agreement with returning investor GHS Investments, LLC, for a private placement of 750 class E convertible preferred shares at a price of $1,000 for gross proceeds of for $750,000 on January 13, 2023. The company will receive funding in three equal tranches of $250,000 each for 250 shares of class E convertible preferred shares. The company has issued 25 class E convertible preferred shares as equity incentive.

The company will pay 8% dividend on the preferred shares. The preferred shares are anytime convertible in to common shares of the company. All the securities issued in the transaction will not registered under the Securities Act of 1933 and was made pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

The company will reimburse the purchaser $10,000 for its legal fess in connection with the transaction.