FCRE Stock Spikes on Capital Infusion from Opportunity Fund I-SS, LLC

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(NEW YORK)—Infusion of capital sends FC Global Realty Incorporated (NASDAQ:FCRE) stock spiking back above $1.00 a share.

On December 29, 2017, FC Global Realty Incorporated entered into a securities purchase agreement with Opportunity Fund I-SS, LLC to invest up to $15,000,000 in the Company in a series of closings, in newly designated Series B Preferred Stock at a purchase price of $1.00 per share.

On December 22, 2017, the Company and the Investor completed the first closing under the Purchase Agreement by provided $1,500,000 to the Company in exchange for 1,500,000 shares of the Company’s Series B Preferred Stock, followed by an additional $2,225,000 on January 24, 2018 for 2,225,000 shares of the Company’s Series B Preferred Stock.

The Company may not issue, upon conversion of the Series B Preferred Stock, a number of shares of Common Stock, which would exceed 19.99% of the issued and outstanding shares of Common Stock on the date of conversion.

Pursuant to the Agreement, the Investor agreed that such conversion limitation shall be equal to 2,372,536 shares, or 19.99% of the 11,868,619 outstanding shares of Common Stock as of December 22, 2017, the date of the initial closing under the Purchase Agreement.

This infusion of capital into the Company, and set limitations of how many common shares can be issued during this funding, sent FCRE stock running from around $0.75 per share to nearly $1.65 at its peak before pulling back to $1.10 as of close Wednesday.

The stock has broken above key resistance moving averages, such as their 50-day, and will this new infusion of $15 million of capital, and with only 12 million shares outstanding investors have taken notice and are building positions in the low $1.00’s as potential trading opportunity.

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