AmeriCrew Inc. announced that it has entered into a securities purchase agreement with five investors for a private placement of secured convertible promissory notes for aggregate proceeds of $255,000 on October 28, 2022. The company also issued five-year Class A common stock purchase warrants and five-year Class B common stock purchase warrants at an exercise price of $1.9032 per share and $2.50 per share, respectively. The company paid Westpark Capital, Inc. a fee of 9% of the gross proceeds of this offering and issued it placement agent warrants equal to 9% of the total amount of warrants issued to the five investors in connection with the October 28, 2022 closing.