US Capital Engagement Announcement
The Directors of Surf Lakes Global Inc (SLG) are pleased to advise of the execution of an Engagement Agreement with US Capital Global Partners Llc (USC) as Lead Advisor, to conduct Due Diligence, Compliance, Distribution and Marketing Services as defined in the Agreement, with a view to raising US$100m of new Equity and US$40m of Debt […]
The Directors of Surf Lakes Global Inc (SLG) are pleased to advise of the execution of an Engagement Agreement with US Capital Global Partners Llc (USC) as Lead Advisor, to conduct Due Diligence, Compliance, Distribution and Marketing Services as defined in the Agreement, with a view to raising US$100m of new Equity and US$40m of Debt to assist SLG in commercialising its proprietary surf lake technology in the US.
The terms and conditions of the Agreement are confidential but are considered reasonable for a transaction of this size and scope.
Troy Warfield, SLG CEO, said “We are very pleased to have an investment bank of the size, experience and success of US Capital on our team. To combine the required capital, with the unique, patented design of the Surf Lakes technology and the unparalleled business model that surf lakes offers, as well as the number of licensee and company locations currently under review, should auger well for the future, and make Surf Lakes the premier surf park operator in the not too distant future.”
Ish Spencer, USCGP Managing Director and Partner, said “ As a surfer of over 35 years, I am the target market. As a developer of 25 years, I know what it takes to build a project. As a firm specializing in unique alternatives over 27 years, we are ready to raise capital for a project that provides more waves at better cost/wave, with a variety of wave quality for beginner/intermediate/expert.”
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About Surf Lakes
SLG is a Delaware based company with patented technology that offers high wave production, large waves, multiple breaks and guaranteed offshore conditions, while catering to all levels of surfer simultaneously. Surf Lakes unique layout and design allow for greater versatility when compared to other wave pool tech and offers multiple revenue streams and property development opportunities, which make Surf Lakes projects highly competitive and financially attractive.
For more, see https://www.surflakes.com/
About US Capital
Since 1998, the US Capital team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. US Capital’s technological innovation in finance reduces “transaction friction” and makes deals more efficient and practical than ever before. USC has funded or advised in over $25 billion in debt and equity investments, transactions, and
projects in the middle market. USC has 10 offices in US and a further 11 around the world and a substantial investor database from previously successful transactions.
For more, see https://uscapital.com/
