BitFrontier Capital Holdings, Inc. (OTCID: BFCH), operating as EVERMIND Holdings, Inc., has engaged Wellfleet Investments LLC to lead its capital formation strategy. Wellfleet Investments, established in New York in 1998, is a registered broker-dealer with the U.S. Securities and Exchange Commission and member of FINRA and SIPC. The firm specializes in structuring financings for private and public companies with deep institutional investor relationships.
The capital strategy involves two distinct phases designed to systematically rebuild the company's foundation. Phase I targets a $150,000 seed raise to fund legal compliance review, modernization of corporate governance documents, formation of EVERMIND Labs, and finalization of the EVERMIND™ Beverage acquisition. These proceeds will also support PCAOB audit preparation and OTCQB uplisting readiness, critical steps for regulatory compliance and market credibility.
Phase II involves a larger institutional raise of $1.5 million to $2 million upon successful completion of Phase I and advancement to OTCQB. These funds will be used to acquire additional accretive assets and transition them into value-producing operations, scaling the company's platform for long-term growth. The structured approach demonstrates a methodical turnaround strategy uncommon in OTC markets.
CEO Dr. Jordan P. Balencic emphasized the significance of securing a FINRA-registered investment banker at this stage, stating it validates the company's disciplined path toward creating asymmetric returns for shareholders. Jeffrey Bega, CEO of Wellfleet Investments, noted that BFCH's governance reset and audit readiness represent the type of disciplined plan that smart capital seeks, particularly from family offices and institutional investors valuing early-stage structured turnarounds.
Concurrent with these developments, BFCH has amended its Q2 report and 2024 management certification on OTC Markets to ensure filings accurately reflect current management, capitalization, and strategic direction. Additional information about Wellfleet and its registered principals can be found through FINRA BrokerCheck and the firm's website at Wellfleet Investments.
This engagement represents a significant development for OTC market companies seeking institutional validation and structured growth pathways. The partnership demonstrates how disciplined governance reforms, compliance-focused capital formation, and strategic banking relationships can create foundations for sustainable growth in traditionally volatile market segments.
