First Breach Announces $16 Million Financing

NEW YORK--(BUSINESS WIRE)--First Breach, Inc. (the “Company” or “First Breach”), a Maryland based company, today announced that it recently raised gross proceeds of approximately $16 million through accredited investors. The financing was completed through a private placement with Paulson Investment Company acting as the exclusive placement agent for the offering.

The proceeds from the private placement will be used to advance the Company’s growth initiatives, including the leasing of a new manufacturing facility, additional infrastructure support, the construction of manufacturing lines for the production of cups, casings, and projectiles for 9x19mm and .223/5.56 ammunition and the development of a small pistol primer line.

About First Breach

First Breach is a manufacturer and wholesaler of ammunition, ammunition components, small arms and tactical gear on an international and domestic level. The Company is licensed in the US and Israel, and offers a wide array of resources ensuring best in class and reliable equipment necessary to overcome the complex realities of today’s world. Its manufacturing is focused on light ammunition needs in the US and abroad. The Company is dedicated to supplying high-quality products to its customers.

The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.