LGBTQ Loyalty Signs Letter of Intent to sell Certain Intellectual Property
WEST HOLLYWOOD, CA, Dec. 31, 2020 (GLOBE NEWSWIRE) LGBTQ Loyalty Holdings, Inc. (OTC PINK: LFAP) (“LGBTQ Loyalty” or “the Company”), a diversity and inclusion driven financial methodology and data company has entered into a Non-Binding Contingent Letter of Intent to sell some of its intellectual property held by its wholly-owned subsidiary, Advanced Equality Preference, Inc. (the “Transaction”). The proposed purchase price may consist of a combination of cash, securities, and other consideration, including a non-exclusive license.
The Transaction would permit the Company to retain its’ interest in the LGBTQ100 +ESG Index, its interest in the benchmark linked ETF and other LGBTQ related property rights.