AURI Inc., AURI Files to Lower the Company's Authorized Shares by 1 Billion Shares
AURI Inc. (OTC PINK:AURI) has announced its intention to reduce its authorized shares by 1 billion shares through an amendment to its Articles of Incorporation with Wyoming's Department of State. The company's CEO, Edward Vakser, stated that maintaining 10 billion authorized shares was counterproductive to reducing capital costs.
This reduction is part of AURI's broader strategy to improve its balance sheet and share structure. The change is expected to be effective within weeks, after which the company's transfer agent will update records and report the new authorized shares count to OTC Markets' issuer services division.
AURI Inc. (OTC PINK:AURI) ha annunciato la sua intenzione di ridurre le azioni autorizzate di 1 miliardo di azioni attraverso un emendamento ai suoi Statuti presso il Dipartimento di Stato del Wyoming. Il CEO dell'azienda, Edward Vakser, ha dichiarato che mantenere 10 miliardi di azioni autorizzate era controproducente per ridurre i costi di capitale.
Questa riduzione fa parte di una strategia più ampia di AURI per migliorare il bilancio e la struttura delle azioni. Si prevede che il cambiamento diventi effettivo entro poche settimane, dopo di che l'agente di trasferimento dell'azienda aggiornerà i registri e riporterà il nuovo conteggio delle azioni autorizzate al servizio di emissione dei mercati OTC.
AURI Inc. (OTC PINK:AURI) ha anunciado su intención de reducir sus acciones autorizadas en 1 mil millones de acciones a través de una enmienda a sus Estatutos con el Departamento de Estado de Wyoming. El CEO de la compañía, Edward Vakser, afirmó que mantener 10 mil millones de acciones autorizadas era contraproducente para reducir los costos de capital.
Esta reducción es parte de la estrategia más amplia de AURI para mejorar su balance y estructura de acciones. Se espera que el cambio sea efectivo en unas semanas, después de lo cual el agente de transferencia de la compañía actualizará los registros y reportará el nuevo conteo de acciones autorizadas al departamento de servicios de emisores de OTC Markets.
AURI Inc. (OTC PINK:AURI)는 와이오밍 주 국무부에 대한 정관 개정을 통해 10억 주로 발행 가능한 주식 수를 줄일 계획을 발표했습니다. 회사의 CEO인 Edward Vakser는 100억 주의 발행 가능 주식을 유지하는 것이 자본 비용 절감에 반productive하다고 말했습니다.
이번 주식 감소는 AURI의 재무 상태 및 주식 구조 개선을 위한 더 넓은 전략의 일환입니다. 이 변화는 몇 주 내에 효력을 발생할 것으로 예상되며, 이후 회사의 주식 이전 대리인이 기록을 업데이트하고 OTC 마켓의 발행자 서비스 부서에 새로운 발행 가능 주식 수를 보고하게 됩니다.
AURI Inc. (OTC PINK:AURI) a annoncé son intention de réduire ses actions autorisées de 1 milliard d'actions par le biais d'un amendement à ses statuts auprès du Département d'État du Wyoming. Le PDG de l'entreprise, Edward Vakser, a déclaré que le maintien de 10 milliards d'actions autorisées était contre-productif pour réduire les coûts de capital.
Cette réduction fait partie d'une stratégie plus large d'AURI visant à améliorer son bilan et sa structure d'actions. Ce changement devrait entrer en vigueur dans quelques semaines, après quoi l'agent de transfert de l'entreprise mettra à jour les dossiers et rapportera le nouveau nombre d'actions autorisées à la division des services des émetteurs des marchés OTC.
AURI Inc. (OTC PINK:AURI) hat seine Absicht bekannt gegeben, die autorisierten Aktien um 1 Milliarde Aktien durch eine Änderung seiner Satzung beim Staatsministerium von Wyoming zu reduzieren. Der CEO des Unternehmens, Edward Vakser, erklärte, dass die Beibehaltung von 10 Milliarden autorisierten Aktien kontraproduktiv zur Reduzierung der Kapitalkosten sei.
Diese Reduktion ist Teil einer umfassenderen Strategie von AURI zur Verbesserung seiner Bilanz und Aktienstruktur. Die Änderung soll in wenigen Wochen wirksam werden, danach wird der Übertragungsagent des Unternehmens die Unterlagen aktualisieren und die neue Anzahl der autorisierten Aktien an die Emittentenabteilung der OTC-Märkte melden.
- Reduction of 1 billion authorized shares indicates improved capital structure
- Strategic move to reduce company's cost of capital
- Part of broader balance sheet improvement initiative
- Current high authorized share count of 10 billion suggests potential previous dilution concerns
DALLAS, TX / ACCESS Newswire / February 6, 2025 / AURI Inc. (OTC PINK:AURI) (the Company) AURI Inc., is pleased to announce that it is submitting correspondence to Wyoming's Department of State Amending AURI's Articles of Incorporation reducing the Company's authorized shares by One (1) billion shares.
"As previously stated, it was hard to imagine a scenario wherein the Company would need to issue 10 billion shares, and to have the Authorized Shares at that level was counterproductive to our ongoing efforts to reduce the Company's overall cost of capital," stated Chairman and CEO Edward Vakser. He continued, "This is just one step in AURI's ongoing effort to clean up its balance sheet and share structure, and it will not be our last; from a capital structure perspective that is what we are focused on moving forward."
The Company's reduction in Authorized Shares should be effective within the next few weeks. The Company's transfer agent will adjust the Company's records to reflect the reduction and will report the new Authorized Shares number to OTC Markets' issuer services division once Wyoming approves the amendment.
About Auri Inc.
AURI Inc. as good as gold! The Company was formed by a group of investors whose talents and interests were based in Production, Content Development, Audio/Visual Presentations, Intellectual Properties Development, and acquisitions, as well as oil and gas and real-estate investments. The company launched its own Crypto Currency, www.Auritoken.io and has licensed its Art Inventory at nft/blackdracos.com. The management is based around seasoned corporate officers, directors and consultants who are experienced in management and mergers/acquisitions of multimillion dollar companies. The company's plan and concept were developed and based around a plan of acquiring and developing High End Art and Reproductions, backed by AURI Gold Crypto Currency, focusing AURI INC to become a Publisher and Licensor as well as NFT developer. Then, retaining the duplication and reproduction rights, on an exclusive basis, in order to sell and distribute the products worldwide. The company and management believe that they can create, sustain and grow one of the largest art publishing companies in the world. AURI Inc., also owns a "wholly owned subsidiary" : EVAP Inc. Evap Inc. has patent pending technology to assist with one of the biggest issues in the oil and gas industry, "PRODUCED WATER". The technology can take produced saltwater and turn it into a steam cleaner than most cities tap water by removing most of the metals and suspended solids.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
Press Contact info:
auriincpr@gmail.com
+1 214-418-6940
Twitter: @AURI_OTC
LinkedIn: https://www.linkedin.com/company/auri-inc/
Token Website: www.auritoken.io
Facebook: https://www.facebook.com/profile.php?id=100057444009513
TikTok: https://www.tiktok.com/@auri_otc?_t=8deaRcgzNs6&_r=1
Twitter: https://twitter.com/AURI_OTC
Contact Information
Edward Vakser
Chairman/CEO
ev24903@gmail.com
2144186940
SOURCE: Auri, Inc.
View the original press release on ACCESS Newswire
FAQ
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