BitFrontier Capital Holdings Engages Wellfleet Investments for Strategic Capital Raise
TL;DR
BFCH partners with Wellfleet Investments to secure funding for acquisitions and uplisting, creating potential asymmetric returns for shareholders in a disciplined turnaround.
BFCH's two-phase capital raise involves a $150k seed for compliance and a $1.5M-$2M institutional round to scale assets after OTCQB uplisting.
This strategic funding supports BFCH's focus on cognitive health and functional wellness, aiming to improve mental and physical well-being through innovation.
A physician-led public company engages a veteran investment banker to fund its turnaround and expansion into cognitive health products.
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BitFrontier Capital Holdings, Inc. (OTCID: BFCH), operating as EVERMIND Holdings, Inc., has engaged Wellfleet Investments LLC to lead its strategic capital formation efforts. Wellfleet Investments, established in New York in 1998, is a registered broker-dealer with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC. The firm specializes in structuring and placing financings for private and public companies, leveraging deep relationships with family offices and institutional investors.
The capital strategy will be executed in two phases. Phase I involves a seed raise of $150,000 to fund legal and compliance review, modernization of the Company’s Charter and Bylaws, governance enhancements, the formation of EVERMIND Labs, and the finalization of the acquisition of ERApeutics (d/b/a EVERMIND™ Beverage). Additional proceeds will support PCAOB audit preparation, OTCQB uplisting readiness, and expanded investor relations. Phase II, an institutional raise of $1.5 million to $2 million, is planned upon successful completion of Phase I and advancement to OTCQB. Proceeds from this phase will be used to vend in additional accretive assets, transition these assets into value-producing operations, and further scale the platform.
Dr. Jordan P. Balencic, CEO of BFCH, emphasized the significance of this engagement, stating, "Securing a FINRA-registered investment banker at this stage is uncommon. It validates the path we’ve set: seed capital to reset the foundation, then a seven-figure raise at OTCQB to scale assets into value production. This is how disciplined companies create asymmetric returns for their shareholders." Jeffrey Bega, CEO and Managing Partner of Wellfleet Investments LLC, added, "BFCH is executing the type of governance reset, audit readiness, and asset strategy that smart capital looks for. Our role is to help connect that disciplined plan with family offices and institutional investors who value early-stage structured turnarounds."
In parallel with these steps, BFCH has recently amended its Q2 Report and amended its 2024 Management Certification on OTC Markets to ensure filings reflect current management, capitalization, and strategic direction. Additional information about Wellfleet and its registered principals and personnel can be found at finra.brokercheck.com and www.wellfleetinvestments.com.
This development is important as it highlights a structured approach to capital formation and governance in the often volatile OTC markets, potentially setting a precedent for disciplined turnarounds. The engagement of a reputable investment banker like Wellfleet signals credibility and could attract institutional investors, fostering growth and stability. For the industry, it underscores the value of compliance and strategic planning in creating shareholder value, while for readers, it represents a case study in how early-stage companies can navigate regulatory hurdles and scale operations through methodical capital raises.
Curated from NewMediaWire
