Sunstock, Inc. announced that it expects to receive $0.55 million in funding from BFAM Partners LLC, Innovative Digital Investors, Inc. and another investor
December 29, 2019
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Sunstock, Inc. announced that it has entered into subscription agreements with Jason Chang, BFAM Partners LLC, and Innovative Digital Investors Emerging Technology, LP, a fund managed by Innovative Digital Investors, Inc. for gross proceeds of $550,000 on December 30, 2019. The company will issue 400,000,000 series A preferred shares each at a price of $0.0005 per share to Jason Chang, president and chief executive officer of the company and to BFAM Partners, LLC and 200,000,000 preferred shares at a price of $0.00075 per share and 100,000,000 common share warrants to Innovative Digital Investors, Inc. The warrants are exercisable at $0.0003 per common share until January 31, 2025. The preferred shares are convertible into common shares.
Sunstock, Inc. is engaged in buying, selling, and distributing precious metals. The Company is primarily focused on gold. The Company operates one precious metal retail store under the Mom's Silver Shop name in Sacramento, California. The Mom's Silver Shop specializes in buying and selling gold, silver, and rare coins, and is a precious metals retailer. The Company is also engaged in acquiring mining assets as well as rights to purchase mining production and to sell these metals primarily through retail channels, including their own branded coins. The Company intends to focus on projects that already own amounts of unrefined but already mined-gold ore and other precious metals.
Sunstock, Inc. announced that it expects to receive $0.55 million in funding from BFAM Partners LLC, Innovative Digital Investors, Inc. and another investor
SUNSTOCK, INC. 
