Amaze (AMZE) announced a strategic partnership with Parler Cloud Technologies, the parent company of Pulse, and an above-market investment by Parler to purchase common stock and warrants of Amaze. The exclusive partnership will integrate Amaze’s e-commerce platform into Parler’s social media properties, including PlayTV and Parler.com. The investment is pursuant to a securities purchase agreement under which Parler has agreed to buy one million shares of Amaze common stock at $6 per share, a premium to Amaze’s current share price, and three-year warrants to purchase up to an additional one million Amaze shares at $7.50 per share. This amounts to a $6 million current investment and up to $7.5 million additional investment upon exercise of the warrants.
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