SinglePoint Inc. announced that it has entered into a securities purchase agreement with returning investor GHS Investments, LLC, for a private placement of 350 class E convertible preferred shares for $350,000 on November 3, 2022. The company will receive funding in two equal tranches of $175,000. The first tranche shall occur promptly upon execution of the purchase agreement and the second tranche is scheduled for 15 trading days following the initial closing date, upon satisfaction of the applicable deliveries and closing conditions.

On the same date, the company received $175,000 in its first tranche.