Touchpoint Group Holdings, Inc. announced that it has entered into series B stock purchase agreement with returning investor, Geneva Roth Remark Holdings, Inc. for a private placement of 63,000 series B preferred shares at a price of $1 per share for gross proceeds of $63,000 on March 14, 2022. The preferred shares are convertible into common shares of the company. The company is issuing securities pursuant to exemption from registration under the 1933 Act, by virtue of Rule 506(b) promulgated under the Securities Act of 1933, as amended, and the provisions of Regulation D promulgated thereunder.

The transaction is expected to close on or about March 15, 2022. The company will reimburse investor's legal fees and due diligence fee in an amount not to exceed $3,000.