SinglePoint Inc. announced that it has entered into security purchase agreement to issue secured promissory notes on February 23, 2024. The company will issue 15% secured promissory note of $156,000 with an original issue discount of $26,000 for the gross proceeds of $130,000 and 12% secured promissory note of $163,585 with an original discount of $18,819.66 for the gross proceeds of $144,765.34. The note will mature on November 30, 2024.

The notes are secured by collateral or any asset of the company. The outstanding principal amount of the notes may be converted into shares of the company?s common stock, par value $0.0001 per share (the ?Common Stock?) in the event of default. The issuances of the notes were made in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the ?Act?), pursuant to Section 4(a)(2) of the Act.