GreenBox POS Announces $100 Million Indenture Financing
Lucosky Brookman LLP is pleased to share that its client GreenBox POS (Nasdaq: GBOX) (the “Company”), an emerging fintech company that leverages proprietary blockchain security and token technology to create customized payment solutions, closed on a $100 million indenture financing.
Lucosky Brookman acted as corporate and securities counsel to the Company while EF Hutton acted as sole book-running manager for the offering.
“This financing round not only fuels the next stage of progress for GreenBox and our planned stablecoin spin-off, Coyni, but also demonstrates our organization’s focus on executing against lofty goals,” said Ben Errez, GreenBox POS Chairman. The world of financial payments is ripe for disruption largely based on legacy architecture and painstaking processes for businesses to transact. Now with a fortified balance sheet, GreenBox is one crucial step closer to achieving our long-term vision of becoming the financial infrastructure for the new blockchain based future of banking and operating as a point-of-sale, PayFac, card issuance, and full banking platform around the world.”