Triton Funds to Invest Up to $5M in B2Digital
October 21 2020 - 8:00AM
InvestorsHub NewsWire
Tampa, FL -- October 21, 2020 -- InvestorsHub
NewsWire -- B2Digital Incorporated (the “Company” or “B2Digital”)
(OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
excited to announce that it has entered into a Common Stock
Purchase Agreement (the “CSPA”) with Triton Funds, LP (“Triton”)
(www.tritonfunds.com), the nation’s largest student venture investment
fund, for an investment by Triton in the Company’s common equity of
as much as $5 million.
Triton has agreed to invest up to $2.5 million in
common stock of B2Digital through the purchase of shares the
Company has agreed to sell to Triton, subject to the terms and
conditions set forth in the CSPA. In addition, in connection with
the CSPA, Triton may invest up to an additional $2.5 million
pursuant to warrant agreements.
Triton is primarily focused on investments that will
have a lasting positive impact on the Millennial generation with a
portfolio of both private and public
companies.
Ashkan Mapar, Principal and Portfolio Manager at
Triton Funds, commented, “After speaking with management, running
due diligence on their business model, and watching their live
events, we feel confident that B2Digital is merely at the ground
level with vast potential for growth over the next couple of years.
It’s not often when you see a publicly traded company in the lower
middle market constantly putting on professional live events
weekend after weekend for a sport that is expected to rapidly grow,
but with BTDG you have exactly that. This is one of the most
exciting investments for Triton Funds this year and we are happy to
be one of the company's financial and strategic
partners.”
Greg P. Bell, Chairman & CEO of B2Digital, added,
“Triton is a tremendous source of capital that will help B2 drive
future growth and the further development of our model and our
overarching strategic vision as a vertically integrated live sports
media ecosystem helping to generate the future stars of mixed
martial arts. This investment represents a strong vote of
confidence from Millennial and Gen-Z investors, and we look forward
to proving them right over coming
years.”
About TRITON FUNDS
LLC
Triton Funds is the nation’s largest student venture
investment fund, managed entirely by students from UC San Diego
located in Southern California. With $25M AUM, Triton Funds has
taken an active part in both the San Diego ecosystem and
nationwide, focusing on investments that will have a lasting
positive impact on the Millennial generation with a portfolio of
both private and public companies. The aim of Triton Funds is to
create a student learning platform that will provide real-world
experience and help bridge the gap between a STEM dominated
university and Wall Street, helping students jumpstart their
careers in finance, while providing strategic capitalization,
business development support, and engineered exits to organizations
with a viable future in the modern economy. Follow the Triton
Funds story by visiting the Triton Funds website, Instragram,
Twitter, or reach out directly via email. More information can be
found at http://www.tritonfunds.com
About B2Digital
Inc.
With extensive background in entertainment,
television, video and technology, B2Digital (OTC:
BTDG) is now forging ahead and becoming a full-service live
event sports company. Capitalizing on the combination of B2Digital
CEO Greg P. Bell’s expertise and involvement with more than 40,000
live events over his career for major sports leagues and
entertainment venues, B2Digital is in the process of developing and
acquiring MMA and sports-related companies to build an integrated
Premier Development League, Expand the B2 Official Training
Facility Program Network and Continue the growth of the B2 Social
Media Network for the multibillion-dollar mixed martial arts
(“MMA”) industry.
B2Digital intends to create and develop league
champions that will move on to the MMA major leagues from the
Company’s B2 Fighting Series brand. Each year, the top fighters
will be invited to the annual B2 Fighting Series National
Championship live event.
B2Digital has developed and deployed the systems and
technologies for the operation of the B2 Fighting Series, “B2FS”.
This includes social media marketing, event management, digital
ticketing sales, digital video distribution, digital marketing,
PPV, FTV (Free to View), merchandise sales, brand management and
financial control systems. B2Digital owns all rights for TV,
internet, social media, media, merchandising and trademarks, and
branding for the B2Digital
companies.
B2Digital: MMA’s Premier Development
League
www.b2digitalotc.com
B2 Fighting Series Pay Per View
Link
www.b2mma.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking
statements within the meaning of the securities laws. These
statements relate to future events and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
For more information, please
contact:
information@b2fs.com
Public
Relations:
Tiger Marketing & Branding
Agency
info@TigerGMP.com
www.TigerGMP.com
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