NuriFlex Inc.

NuriFlex Inc. and LINE Plus Corporation Sign MoU for Central Bank Digital Currency (“CBDC”) Projects

Retrieved on: 
Thursday, May 27, 2021
Technology, Finance, Utilities, Banking, Other Technology, Professional services, Software, Energy, Data management, Articles, Money, Decentralization, Central Bank Digital Currency, Monetary reform, Numismatics, Technology, CBDC, Cryptocurrencies, Blockchain, Digital currency, NuriFlex Inc., LINE Plus Corporation, NURIFLEX INC., LINE PLUS CORPORATION

NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.

Key Points: 
  • NuriFlex Inc. (NuriFlex) announced that it has signed a memorandum of understanding (MoU) with LINE Plus Corporation (LINE), and the two companies intend to collaborate in the Central Bank Digital Currency (CBDC) platform business in various regions, including but not limited to the Caribbean, South America and Africa.
  • Combining these experiences with blockchain technology, NuriFlex intends to work with a very reputable global partner, LINE Plus Corporation, on global CBDC projects that require a platform that can handle vast volumes of data.
  • LINE Plus Corporation, the Korea-based subsidiary of LINE Corporation leading LINEs global business development, has been researching, developing, and operating blockchain-related services including a CBDC blockchain platform with a dedicated blockchain engineering team.
  • LINE Plus Corporation was established in March 2013 in South Korea as a subsidiary of LINE Corporation.

NuriFlex Announces Proposed Private Placement Offering of $40.0 Million of Class A Common Stock

Retrieved on: 
Thursday, March 19, 2020
Software, Technology, Data management, Telecommunications, Stock market, Financial markets, Security, Finance, United States securities law, U.S. Securities and Exchange Commission, Crowdfunding, NuriFlex Inc., seriesOne

NuriFlex Inc. (the Company) announced that it has entered into an agreement with seriesOne Securities LLC and intends to raise, subject to market conditions and other factors, up to $40.0 Million from potential investors (the Offering).

Key Points: 
  • NuriFlex Inc. (the Company) announced that it has entered into an agreement with seriesOne Securities LLC and intends to raise, subject to market conditions and other factors, up to $40.0 Million from potential investors (the Offering).
  • The Company is proposing to issue up to 50,000,000 shares of its Class A Common Stock (the Securities) to raise up to $40.0 Million in the Offering.
  • The Company intends to use the net proceeds from the offering for working capital, operating expenses and capital expenditures, including Advanced Metering Infrastructure in order to speed up the adoption of digital wallets and digital token exchange platforms.
  • The firm provides strategic counsel, regulatory compliance, fundraising infrastructure and access to a proprietary network of investors worldwide.