Welcome to our dedicated page for AUTRIS news (Ticker: AUTR), a resource for investors and traders seeking the latest updates and insights on AUTRIS stock.
Autris (AUTR) is a progressive company dedicated to promoting freedom and sustainability through strategic acquisitions and innovative initiatives. The company's recent announcement of a proposed reverse stock split aims to reduce the number of issued common shares, enhancing stockholder value and market positioning. With a commitment to transparency, resilience, and independence, Autris is shaping communities that reflect its core values.
Autris (OTC Pink: AUTR) announces a highly successful launch of its Veritas Village - Coronado Community in Panama, designed by recently acquired EcoVillages. The community, based on the F.I.R.S.T. philosophy (Freedom, Independence, Resiliency, Self-Sustainability, and Transparency), received reservations for nearly 80% of total homesites after a webinar launch.
Veritas Village - Coronado offers a luxurious, off-grid lifestyle near beautiful beaches, featuring:
- Solar-powered homes
- On-site water source
- Food forest and sustainable agriculture
- Community amenities including clinic, school, and recreational facilities
Autris plans to expand the Veritas Villages concept in Panama and other countries, catering to those seeking freedom from government and corporate dependence.
Autris (OTC Pink: AUTR) has announced the strategic acquisitions of EcoVillage Design, S.A. and Veritas Village Holdings Panama, S.A., establishing itself as a leader in F.I.R.S.T. Certified intentional residential community development across Latin America. These acquisitions align with Autris's mission to promote freedom, independence, resilience, self-sustainability, and transparency in community living. Veritas Village - Coronado is highlighted as a flagship project in Panama, attracting significant interest and rapid home site purchases. Financially, Autris reported positive EBITA of $163,346 and net earnings of $159,029 for the quarter ending March 31, 2024, with total assets increasing by 86.5% to $8,981,193. The company's net equity rose to $3,996,535, and working capital improved to $741,346.
Autris announced a proposed reverse stock split of its common shares. The Board of Directors and majority shareholder approved an exchange ratio between 1 for 25 to 1 for 80, reducing the number of outstanding shares from 131.25 million to between 5.25 million and 1.64 million. The reverse split will be uniform across all shareholders, with fractional shares rounded down. The Board retains the authority to finalize or abandon the split and must obtain FINRA approval. There's no guarantee the split will increase share price or achieve intended effects.
FAQ
What is the current stock price of AUTRIS (AUTR)?
What is the market cap of AUTRIS (AUTR)?
What is Autris (AUTR) known for?
What does the proposed reverse stock split involve?
What are Autris' core values?
How can I learn more about Autris?
What factors may impact the completion of the reverse stock split?
What happens to fractional shares in the reverse stock split?
Who can I contact for investor relations at Autris?
Are there any assurances regarding the completion of the reverse stock split?
What is the purpose of forward-looking statements in Autris' press release?
How frequently does Autris update its forward-looking statements?
What are the core principles Autris aims to embody in its communities?
What is the significance of the proposed reverse stock split for Autris' stockholders?
