Blackwell 3D to Cancel 25 Million Shares of Common Stock, Demonstrating Confidence in Future Growth and Commitment to Long-term Shareholder Value
Blackwell 3D Construction Corp. (OTC: BDCC) has announced a significant restructuring of its common stock. The company's Board of Directors has authorized the cancellation of 25,000,000 shares of common stock held by CEO Mohammedsaif Zaveri. In exchange, Mr. Zaveri will receive 500,000 shares of Series A Preferred Stock.
This strategic move aims to reinforce the company's capital structure and demonstrate management's confidence in Blackwell 3D's future growth. The cancellation will reduce the total issued and outstanding shares from 60,997,373 to 35,997,373, decreasing shareholder dilution. Mr. Zaveri believes this decision will play a major role in Blackwell 3D's path to profitability and set the stage for future growth in the expanding 3D technology market.
Blackwell 3D Construction Corp. (OTC: BDCC) ha annunciato una ristrutturazione significativa del proprio capitale azionario. Il Consiglio di Amministrazione della compagnia ha autorizzato la cancellazione di 25.000.000 azioni ordinarie detenute dal CEO Mohammedsaif Zaveri. In cambio, il signor Zaveri riceverà 500.000 azioni di azioni privilegiate di Serie A.
Questa mossa strategica mira a rafforzare la struttura del capitale dell'azienda e a dimostrare la fiducia della direzione nella crescita futura di Blackwell 3D. La cancellazione ridurrà il totale delle azioni emesse e in circolazione da 60.997.373 a 35.997.373, diminuendo la diluizione per gli azionisti. Il signor Zaveri è convinto che questa decisione avrà un ruolo importante nel percorso verso la redditività di Blackwell 3D e preparerà il terreno per una futura crescita nel mercato in espansione della tecnologia 3D.
Blackwell 3D Construction Corp. (OTC: BDCC) ha anunciado una reestructuración significativa de su capital social. La Junta Directiva de la empresa ha autorizado la cancelación de 25,000,000 acciones ordinarias en manos del CEO Mohammedsaif Zaveri. A cambio, el Sr. Zaveri recibirá 500,000 acciones de la Clase A de acciones preferentes.
Este movimiento estratégico tiene como objetivo reforzar la estructura de capital de la empresa y demostrar la confianza de la administración en el crecimiento futuro de Blackwell 3D. La cancelación reducirá el total de acciones emitidas y en circulación de 60,997,373 a 35,997,373, disminuyendo la dilución para los accionistas. El Sr. Zaveri cree que esta decisión desempeñará un papel fundamental en la trayectoria hacia la rentabilidad de Blackwell 3D y sentará las bases para un crecimiento futuro en el creciente mercado de tecnología 3D.
Blackwell 3D Construction Corp. (OTC: BDCC)는 일반 주식의 중요한 구조 조정을 발표했습니다. 회사의 이사회는 CEO Mohammedsaif Zaveri가 보유한 25,000,000주 주식의 취소를 승인했습니다. 대신 Zaveri 씨는 시리즈 A 우선주 500,000주를 받게 됩니다.
이 전략적 조치는 회사의 자본 구조를 강화하고 블랙웰 3D의 미래 성장에 대한 경영진의 신뢰를 보여주기 위한 것입니다. 주식의 취소는 발행 및 유통 주식 총수를 60,997,373주에서 35,997,373주로 줄이게 되어 주주 희석을 감소시킵니다. Zaveri 씨는 이 결정이 블랙웰 3D의 수익성으로 가는 길에서 중요한 역할을 할 것이며, 확장되는 3D 기술 시장에서 미래 성장을 위한 기틀을 마련할 것이라고 믿고 있습니다.
Blackwell 3D Construction Corp. (OTC: BDCC) a annoncé une restructuration significative de ses actions ordinaires. Le Conseil d'Administration de l'entreprise a autorisé la suppression de 25 000 000 d'actions ordinaires détenues par le PDG Mohammedsaif Zaveri. En échange, M. Zaveri recevra 500 000 actions de la catégorie A des actions privilégiées.
Ce mouvement stratégique vise à renforcer la structure du capital de l'entreprise et à démontrer la confiance de la direction dans la croissance future de Blackwell 3D. La suppression va réduire le total des actions émises et en circulation de 60 997 373 à 35 997 373, diminuant ainsi la dilution pour les actionnaires. M. Zaveri est convaincu que cette décision jouera un rôle majeur dans le chemin vers la rentabilité de Blackwell 3D et préparera le terrain pour une croissance future dans le marché en expansion de la technologie 3D.
Blackwell 3D Construction Corp. (OTC: BDCC) hat eine wesentliche Umstrukturierung ihrer Stammaktien angekündigt. Der Vorstand des Unternehmens hat die Streichung von 25.000.000 Aktien genehmigt, die von CEO Mohammedsaif Zaveri gehalten werden. Im Gegenzug erhält Herr Zaveri 500.000 Aktien der Serie A Vorzugsaktien.
Dieser strategische Schritt zielt darauf ab, die Kapitalstruktur des Unternehmens zu stärken und das Vertrauen des Managements in das zukünftige Wachstum von Blackwell 3D zu demonstrieren. Die Streichung wird die insgesamt ausgegebenen und ausstehenden Aktien von 60.997.373 auf 35.997.373 reduzieren und so die Verwässerung der Aktionäre verringern. Herr Zaveri ist überzeugt, dass diese Entscheidung eine wesentliche Rolle auf dem Weg zur Rentabilität von Blackwell 3D spielen wird und den Grundstein für zukünftiges Wachstum im expandierenden 3D-Technologiemarkt legen wird.
- Cancellation of 25 million common shares reduces shareholder dilution
- Reduction of outstanding shares from 60,997,373 to 35,997,373
- CEO's commitment to long-term success by exchanging common shares for preferred stock
- Potential improvement in financial stability and investor confidence
- None.
DUBAI, UAE, Oct. 22, 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 a significant restructuring of its common stock, reflecting the Company’s confidence in its long-term potential. The Company’s Board of Directors has authorized the cancellation of 25,000,000 shares of Company common stock held by Mohammedsaif Zaveri, our Chief Executive Officer. In exchange for this cancellation, Mr. Zaveri shall receive 500,000 shares of our Series A Preferred Stock.
This strategic move is aimed at reinforcing the Company’s capital structure, demonstrating management’s strong belief in the future growth of Blackwell 3D. The cancellation of common shares indicates a clear commitment by our CEO to align with long-term shareholder value while optimizing the Company’s balance sheet.
Mr. Zaveri believes that “this decision underscores my confidence in the Company’s ability to continue driving innovation and creating value for our investors. By cancelling these shares of common stock, I am fully committing to the long-term success of Blackwell 3D, while also supporting the Company’s efforts to attract new investors and execute on our strategic initiatives. I believe that decision will play a major factor in Blackwell 3D’s path to profitability while also setting the stage for future growth.
“We need to build a solid foundation for sustained growth, and that starts with putting ourselves in position to succeed. I expect these changes to bolster the financial stability of the Company, positioning us to better capitalize on the expanding 3D technology market and increase investor confidence,” concluded Mr. Zaveri.
The cancellation of 25 million shares of common stock shall reduce the overall outstanding common share pool, thereby reducing shareholder dilution. This cancellation is expected to be completed within 10 days, at which point our total issued and outstanding shares will be reduced from 60,997,373 to 35,997,373.
For further information about Blackwell 3D, please visit www.blackwell3d.com for the most up to date news.
About Blackwell 3D Construction Corp.
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 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
FAQ
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