BitFrontier Capital Holdings Engages Wellfleet Investments for Strategic Capital Raise
BitFrontier Capital Holdings has partnered with veteran investment banker Wellfleet Investments to execute a two-phase capital raise strategy aimed at funding governance reforms, acquisitions, and uplisting to OTCQB, signaling institutional validation for its turnaround plan.
BitFrontier Capital Holdings, Inc. (OTCID: BFCH), operating as EVERMIND Holdings, Inc., has engaged Wellfleet Investments LLC to lead its strategic capital formation efforts. Wellfleet Investments, established in New York in 1998, is a registered broker-dealer with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC. The firm specializes in structuring and placing financings for private and public companies, leveraging deep relationships with family offices and institutional investors.
The company plans to execute its capital strategy in two phases. Phase I involves a seed raise of $150,000 to fund legal and compliance review, modernization of the company's charter and bylaws, governance enhancements, formation of EVERMIND Labs, and finalization of the acquisition of ERApeutics. Additional proceeds will support PCAOB audit preparation, OTCQB uplisting readiness, and expanded investor relations. Phase II entails an institutional raise of $1.5 million to $2 million upon successful completion of Phase I and advancement to OTCQB, with proceeds used to vend in additional accretive assets and scale the platform.
Dr. Jordan P. Balencic, CEO of BFCH, emphasized the significance of securing a FINRA-registered investment banker at this stage, stating it validates the company's path of using seed capital to reset the foundation followed by a larger raise to scale assets into value production. Jeffrey Bega, CEO and Managing Partner of Wellfleet Investments, noted that BFCH's governance reset, audit readiness, and asset strategy align with what smart capital seeks, and his firm will help connect this disciplined plan with family offices and institutional investors valuing early-stage structured turnarounds.
In parallel with these steps, BFCH has amended its Q2 Report and 2024 Management Certification on OTC Markets to ensure filings reflect current management, capitalization, and strategic direction. Additional information about Wellfleet and its registered principals can be found at finra.brokercheck.com and www.wellfleetinvestments.com. This engagement underscores the company's commitment to building a compliant, methodical turnaround with institutional alignment, aiming to create asymmetric returns for shareholders through disciplined growth and uplisting strategies.