Usio Announces Closing of $1 Million Strategic Investment by Premier Cryptocurrency Partner, Voyager Digital
Summary
While Usio is generating positive cash flow and we believe we are in a strong cash position, we are excited to have Voyager invest in our company since they are helping our company grow through their long-term exclusive agreements for our ACH and debit issuance card services, and by partnering with us to allow our merchants to accept cryptocurrencies as form of payment.” Stephen Ehrlich, CEO of Voyager (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), noted, “Our relationship with Usio has been a true partnership over the past three years. The issuance of the shares of common stock was exempt from registration pursuant to the exemption contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D, inasmuch as it was not a public offering since no general solicitation or advertising of any kind was used in connection with the issuance and there was only a limited number of recipients or the recipients were knowledgeable accredited investors who understand the investment risks. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Companys business that could cause actual results to vary, including such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Companys growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Companys filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2020. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved.