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Wikisoft Corp (OTC:WSFT) Announces Entry Into Common Stock Purchase Agreement
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WikiSoft Corp: Wikisoft Corp. (OTC:WSFT) Announces Entry Into Common Stock Purchase Agreement
SAN FRANCISCO, CA / ACCESSWIRE / May 12, 2021 / Wikisoft Corp. (the Company, we, and our ) (OTC PINK:WSFT) today announced that it has entered into a Common Stock Purchase Agreement (the Purchase Agreement ) with White Lion Capital, LLC, a Nevada limited liability company ( White Lion Capital ).
The Purchase Agreement provides that the Company has the right, but not the obligation to cause White Lion Capital to purchase up to $20,000,000 (the Commitment Amount ) of the Company s common stock, from time to time, during the commitment period, which starts on the date of execution of the Purchase Agreement and terminates on the earlier of, the date where the Commitment Amount is purchased or December 31, 2022, at a purchase price as set forth in the Purchase Agreement. The Company intends to use the net proceeds from the Purchase Agreement for the expansion of working capital and other
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Scienjoy Holding Corporation (NASDAQ: SJ), a leading live entertainment mobile streaming platform in China, today announced its unaudited financial results for the year ended December 31, 2020.
The following are all unaudited financial information.
Fiscal Year 2020 Operating and Unaudited Financial Highlights
Total net revenues increased by 33.6% to RMB1,222.2 million (US$187.3 million) from RMB914.6 million in fiscal year 2019, and the Company’s quarterly net revenues exceeded its guidance forecasts for the third and fourth quarters of fiscal year 2020.
Gross profit was RMB262.2 million (US$40.2 million), representing a year-over-year increase of 35.2% in fiscal year 2020 as compared to a year-over-year increase of 30.3% in fiscal year 2019. Gross margin further improved to 21.5% in fiscal year 2020 from 21.2% in fiscal year 2019 and 20.0% in fiscal year 2018.