Blackwell 3D Announces Imminent Filing of Form 10 & Cancellation of 25 Million Shares
Blackwell 3D Construction Corp. (OTC: BDCC) announces two significant developments: the imminent filing of Form 10 Registration Statement with the SEC within the week and the immediate cancellation of 25 million shares of common stock. The Form 10 filing will transform BDCC into a fully reporting entity, enhancing transparency and potentially attracting institutional investors. The share cancellation aims to optimize the capital structure, reduce dilution risk, and improve shareholder value. CEO Mohammedsaif Zaveri emphasizes these moves as strategic steps toward sustainable growth and increased investor confidence.
Blackwell 3D Construction Corp. (OTC: BDCC) annuncia due sviluppi significativi: la prossima presentazione del modulo di Registrazione 10 presso la SEC entro la settimana e l'immediata cancellazione di 25 milioni di azioni ordinarie. La presentazione del modulo 10 trasformerà BDCC in un'entità completamente dichiarativa, aumentando la trasparenza e potenzialmente attirando investitori istituzionali. La cancellazione delle azioni mira a ottimizzare la struttura del capitale, ridurre il rischio di diluizione e migliorare il valore per gli azionisti. Il CEO Mohammedsaif Zaveri sottolinea queste misure come passaggi strategici verso una crescita sostenibile e un aumento della fiducia degli investitori.
Blackwell 3D Construction Corp. (OTC: BDCC) anuncia dos desarrollos significativos: la inminente presentación del formulario de Registro 10 ante la SEC dentro de la semana y la cancelación inmediata de 25 millones de acciones ordinarias. La presentación del formulario 10 transformará a BDCC en una entidad completamente informativa, mejorando la transparencia y potencialmente atrayendo a inversores institucionales. La cancelación de acciones tiene como objetivo optimizar la estructura del capital, reducir el riesgo de dilución y mejorar el valor para los accionistas. El CEO Mohammedsaif Zaveri enfatiza estos movimientos como pasos estratégicos hacia un crecimiento sostenible y un aumento de la confianza de los inversores.
블랙웰 3D 건설 코퍼레이션 (OTC: BDCC)는 두 가지 중요한 발전을 발표했습니다: 이번 주 내에 SEC에 등록 양식 10을 제출할 예정이며, 2,500만 주의 보통주를 즉시 취소합니다. 등록 양식 10의 제출은 BDCC를 완전한 신고 법인으로 전환시켜 투명성을 높이고 잠재적으로 기관 투자자를 유치할 수 있게 됩니다. 주식 취소는 자본 구조를 최적화하고 희석 위험을 줄이며 주주 가치를 향상하는 것을 목표로 합니다. CEO 모하메드사이프 자베리는 이러한 조치를 지속 가능한 성장과 투자자 신뢰 향상을 위한 전략적 단계로 강조합니다.
Blackwell 3D Construction Corp. (OTC: BDCC) annonce deux développements significatifs : le dépôt imminent du formulaire d'enregistrement 10 auprès de la SEC dans le courant de la semaine et l'annulation immédiate de 25 millions d'actions ordinaires. Le dépôt du formulaire 10 transformera BDCC en une entité pleinement déclarative, renforçant la transparence et attirant potentiellement des investisseurs institutionnels. L'annulation des actions vise à optimiser la structure du capital, réduire le risque de dilution et améliorer la valeur pour les actionnaires. Le PDG Mohammedsaif Zaveri souligne ces initiatives comme des étapes stratégiques vers une croissance durable et une confiance accrue des investisseurs.
Blackwell 3D Construction Corp. (OTC: BDCC) kündigt zwei bedeutende Entwicklungen an: die bevorstehende Einreichung des Formulars 10 bei der SEC innerhalb dieser Woche und die sofortige Streichung von 25 Millionen Stammaktien. Die Einreichung des Formulars 10 wird BDCC in ein vollberichtendes Unternehmen verwandeln, was die Transparenz erhöht und möglicherweise institutionelle Investoren anzieht. Die Streichung der Aktien zielt darauf ab, die Kapitalstruktur zu optimieren, das Risiko der Verwässerung zu reduzieren und den Wert für die Aktionäre zu verbessern. CEO Mohammedsaif Zaveri betont diese Schritte als strategische Maßnahmen zur nachhaltigen Entwicklung und zur Stärkung des Investorenvertrauens.
- Immediate cancellation of 25 million shares, reducing dilution and potentially improving shareholder value
- Imminent Form 10 filing to become SEC-compliant, potentially attracting institutional investors
- None.
DUBAI, UAE, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D” or the "Company"), an innovative 3D house printing technology company, is pleased to announce that its previously disclosed plans to file a Form 10 Registration Statement with the Securities & Exchange Commission (SEC) are expected to come to fruition within the week. This significant step marks Blackwell 3D’s commitment to enhancing transparency, increasing shareholder confidence, and preparing for anticipated growth as a publicly traded company.
The filing of Form 10 initiates the formal registration process, enabling BDCC to become a fully reporting entity under SEC regulations. With this anticipated filing, Blackwell 3D is taking a crucial step toward broadening access to institutional investors and the heightened level of transparency associated with fully reporting status is anticipated to build stronger investor trust and create new opportunities for strategic partnerships.
“The Form 10 filing is a transformative step for Blackwell 3D Construction,” said Mohammedsaif Zaveri, CEO of Blackwell 3D. “By increasing our transparency and aligning with SEC reporting standards, we’re laying the foundation for sustainable growth and preparing to attract a wider base of investors and partners who share our vision for innovative, efficient, and sustainable construction.”
In addition to the Form 10 filing, BDCC is pleased to announce the cancellation of 25 million shares of its common stock, effective today. This reduction in outstanding shares reflects BDCC’s commitment to improving shareholder value, with immediate potential benefits including an optimized capital structure. By consolidating our share structure, BDCC aims to deliver stronger returns for existing shareholders, reduce dilution risk, and enhance the attractiveness of the stock for long-term investors.
“The decision to cancel 25 million shares demonstrates our commitment to maximizing shareholder value,” added Zaveri. “By reducing the number of outstanding shares, we’re able to reward our existing shareholders and create a stronger, more sustainable capital structure that positions us well for long-term growth.”
For further information about Blackwell 3D, please visit www.blackwell3d.com for the most up to date news.
About Blackwell 3D Corporation
Blackwell 3D Construction Corp. is focused on developing state-of-the-art 3D technologies for use in the construction industry. Our goal is to be able to use our technology to design 3D printed residential structures and that meet our clients' specific requirements and preferences. In addition, it is our objective to use a large-scale printer and a specialized concrete mixture to print the structural components of these residential structures. Our printing process is expected to be highly automated, allowing us to create intricate designs and details with precision.
Important Notice Regarding Forward-Looking Statements
This Press Release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the Company’s review of potential financing and strategic alternatives, the Company’s research and development efforts, the Company’s prospects for 2024, and the Company’s ability to fine tune its operations, are forward-looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary effective sales, marketing, and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosure made available with the OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Contact:
Investor Relations
IR@BLACKWELL3D.COM
+1 (702) 718-0807
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