 SAN ANTONIO, Feb. 19, 2021 GLOBE NEWSWIRE -- CloudCommerce, Inc. CLWD, a leading provider of digital advertising solutions, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase of 142,857,143 shares of its common stock or common stock equivalents in lieu thereof and warrants to purchase 142,857,143 shares of common stock in a registered direct offering. The purchase price for one share of common stock or common stock equivalent and one warrant to purchase one share of common stock is 0.07. The warrants have an exercise price of 0.07 per share, will be immediately exercisable and will expire five years from the issue date. The offering is expected to close on or about February 23, 2021, subject to the satisfaction of customary closing conditions. 