RB Capital Partners. (OTCMKTS:CAVR) Stock Secures: Secures Strategic Investment from RB Capital Partners, Inc.
RB Capital Partners. (OTCMKTS:CAVR) has announced on April 27, 2022, about closing the first tranche of funding from RB Capital Partners. The funding is a part of its objectives to restructure the balance sheet, minimize the float of outstanding unrestricted common stock, finish diligence on two pending acquisitions and provide working capital to expand and build on the lifestyle brands it acquired in 2021.
Market Stats
On Wednesday, CAVR stock surged 11.60% to $0.0135 with more than 2.65 million shares, compared to its average volume of 2.56 million shares. The stock moved within a range of $0.0111 – 0.0135 after opening trading at $0.0121.
RB Capital Partners, Inc. Makes Strategic Investment in CAVR (LiveToBeHappy, Inc.)
Kevin Vincent Cox, Chief Executive Officer of LiveToBeHappy, stated that his experience of working with numerous financial sponsors over the last seven years has been remarkable. Their extensive diligence on the company was similar, while the focus on human capital was iluminating.
Deborah Braun was keenly interested in the company vision to build lives, rather than just places to live, while Brett Rosen is firmly invested in the fact that this is the right time to realize this vision. With them at the helm of RB Capital, the decision to work with them was a done deal! They plan to focus on building shareholder value for their current shareholders, while creating a non-toxic investment structure eliminating any negative impact on the unrestricted float.
RB Capital Partners have also reaffirmed its 2022 revenue forecast of at least doubling its 2021 revenue to $25 million.
Key Quote
Kevin Vincent Cox, Chief Executive Officer of LTBH commented, “I have had the chance to work with several financial sponsors over the last seven years, and while their extensive diligence on the company was similar, their focus on human capital was refreshing. Deborah Braun expressed interest in the vision we have for building lives, not just places to live and Brett Rosen believes we have the right people at the right time to bring this vision to reality. Their leadership of RB Capital and success investing in growing companies made our decision to work with them easy. With a long-term focus and eye towards building shareholder value for our current shareholders, we worked together to create a non-toxic investment structure eliminating any negative impact on the unrestricted float. We have real companies, real growth prospects, real leaders, and now real financial sponsors and real working capital. We are truly making real progress!”
Traders Corner
CAVR stock is trading below the 20-Day and 50-Day Moving averages of $0.0152 and $0.0190 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0323.
