QualityStocksNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Receives $1,400,000 Working Capital from Closing of Second Auctus Tranche
California-based Grapefruit Boulevard Investments, a wholly owned subsidiary of Imaging3 (OTCQB: IGNG), this morning announced its August 16, 2019, receipt of $1,400,000 of working capital from the closing of the second tranche of its Stock Purchase Agreement (“SPA”) with Auctus Fund, LLC. According to the update, the payment was triggered by the company’s timely filing of its Form S-1 registration statement with the SEC on July 25, 2019. “Once again Grapefruit executed its plan in a timely fashion, filing the registration statement and receiving the new capital infusion just subsequent to finalizing the IGNG/Grapefruit reorganization as envisioned,” IGNG/Grapefruit CEO Bradley…