BRK Announces Measures to Optimize Capital Markets Profile

Rhea-AI Summary

BRK, Inc. (OTC: BRKK) announced on Sept. 17, 2020, the completion of its corporate restructuring to enhance its capital markets profile. Key measures include filing an SEC Form-10 and pursuing a 3-for-1 stock split to improve market liquidity and transparency. The company aims to attract institutional investors and support its transition to a revenue-generating entity. The authorized share figure will remain at 5 million, reflecting commitment to shareholder value.

Positive

• Completion of corporate restructuring to enhance capital markets profile.
• Filing of SEC Form-10 to increase transparency.
• Pursuing a 3-for-1 stock split to enhance liquidity and attract institutional investors.
• Commitment to maintain 5 million authorized shares to support shareholder value.

Negative

• None.

HENDERSON, Nev., Sept. 17, 2020 /PRNewswire/ BRK, Inc. (the "Company") (OTC: BRKK) Following yesterday's announcement of the completion of its corporate restructuring, the company wishes to inform its shareholders of important measures aimed at optimizing the company's capital markets profile.

These measures follow discussions with various institutional and retail investors and aim for two principal goals: 1) the "normalization" and enhancement of our traded securities to a level more appropriate for "uplisting", and 2) establishing more liquidity in the trading of our shares, especially for institutional investors.

Specifically, management will be filing an SEC Form-10 and will aim to pursue a 3 for 1 split. The effects of these actions will be to materially increase the level of transparency pertaining to the company's operations and financial condition, materially increase the perceived legitimacy of the company's traded securities, and establish a more liquid market for targeted higher profile capital market participants, whilst rewarding our loyal shareholders with additional shares. To further underline management's commitment to shareholder value, the authorized share figure shall remain at 5 million.

We thank our loyal shareholders and look forward to providing updates as we now look to execute against our developing pipeline and move from a pre-revenue to revenue generating concern.

BRK Inc. (OTC PINK: BRKK), established in 2008, BRK is the next generation in live-action broadcasting technology. We are a full-service provider geared to professional leagues and athletes, whether it be traditional sports, extreme sports or esports, and that will allow fans to watch them in action from  perspectives that do not exist today. Our niche is that we are a second screen content provider that does not pose a threat to first screen media but rather we provide the opportunity to pioneer complimentary content and campaigns. In addition to the above, Gen 2 technology is being developed for applications in security, law enforcement and other industrial verticals.

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkgen2.com does not constitute a part of this release.

Contact:
shareholder@brkincorporated.com 
brkgen2.com
(702) 572-5080

View original content:http://www.prnewswire.com/news-releases/brk-announces-measures-to-optimize-capital-markets-profile-301133258.html

SOURCE BRK, Inc.

FAQ

What measures did BRK, Inc. announce on September 17, 2020?

BRK, Inc. announced completion of its corporate restructuring, filing of SEC Form-10, and pursuit of a 3-for-1 stock split.

What is the purpose of BRK, Inc.'s 3-for-1 stock split?

The 3-for-1 stock split aims to enhance liquidity and attract institutional investors.

How many authorized shares will BRK, Inc. maintain after the restructuring?

BRK, Inc. will maintain an authorized share figure of 5 million.

What is the stock symbol for BRK, Inc.?

The stock symbol for BRK, Inc. is BRKK.

What is the focus of BRK, Inc.'s business operations?

BRK, Inc. specializes in live-action broadcasting technology for traditional sports, extreme sports, and esports.