IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) Files An 8-K Regulation FD DisclosureItem 7.01
On March 14, 2018, IEG Holdings Corporation (the “Company”) issued a press release announcing that (i) it would not pursue a cryptocurrency offering or any other cryptocurrency-related ventures at this time, and (ii) Paul Mathieson, the Company’s Chairman, Chief Executive Officer, sole director and largest stockholder, intends to provide each Company stockholder with the opportunity to receive shares of Investment Evolution Coin Ltd., a Singapore company wholly owned by Mr. Mathieson. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website is not a part of this current report on Form 8-K.
|Item 9.01||Financial Statements and Exhibits.|
IEG Holdings Corp ExhibitEX-99.1 2 ex99-1.htm IEG Holdings Announces Distribution by CEO of Investment Evolution Coin Ltd. Shares to IEG Holdings Shareholders and Hold on Cryptocurrency Development Las Vegas,…To view the full exhibit click
About IEG HOLDINGS CORPORATION (OTCMKTS:IEGH)
IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle.