In light of recent developments, SinglePoint Inc., a store-outside retailer based in Phoenix, Arizona, signed a Swap Agreement with Bucktown Capital, LLC and effectively resolved an outstanding debt by issuing shares. This agreement dated June 18, 2024, allows SinglePoint to swap a bond dated July 13, 2021, with 1,077,851 common shares, thereby closing the balance of the original bond. Still, SinglePoint is facing challenges concurrently with its listing on the Cboe BZX Exchange. On March 5, 2024, the company was reported to not comply with the minimum bid price requirement.
