Scepter Files Form 10 with SEC Paving the Way for Strategic Growth
Scepter Holdings, Inc. (OTC PINK:BRZL) has announced the filing of its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). This move is part of the company's strategy to enhance transparency and position itself for accelerated growth. The Form 10 filing will provide shareholders with a detailed view of Scepter's financial performance, operations, and future vision.
The filing is also a important step in completing the acquisition of the Ballengee Group, expected to close by year-end. Post-acquisition, Ballengee Group will become a wholly-owned subsidiary of Scepter, with BSG Holdings gaining a controlling majority of Scepter's outstanding stock. CEO Adam Nicosia stated that this move reaffirms the company's commitment to driving shareholder value and aligns with its long-term goals of innovation and increasing market share.
Scepter Holdings, Inc. (OTC PINK:BRZL) ha annunciato il deposito del suo Modulo di Registrazione 10 presso la Commissione per i Titoli e gli Scambi degli Stati Uniti (SEC). Questa mossa fa parte della strategia dell'azienda per migliorare la trasparenza e posizionarsi per una crescita accelerata. Il deposito del Modulo 10 fornirà agli azionisti una visione dettagliata delle prestazioni finanziarie, delle operazioni e della visione futura di Scepter.
Il deposito rappresenta anche un passo importante per completare l'acquisizione del Ballengee Group, che si prevede si concluda entro la fine dell'anno. Dopo l'acquisizione, il Ballengee Group diventerà una controllata interamente posseduta da Scepter, con BSG Holdings che acquisirà una maggioranza di controllo delle azioni in circolazione di Scepter. Il CEO Adam Nicosia ha dichiarato che questa mossa riafferma l'impegno dell'azienda nel creare valore per gli azionisti e si allinea con i suoi obiettivi a lungo termine di innovazione e aumento della quota di mercato.
Scepter Holdings, Inc. (OTC PINK:BRZL) ha anunciado la presentación de su Declaración de Registro de Formulario 10 ante la Comisión de Valores y Bolsa de los EE. UU. (SEC). Este movimiento es parte de la estrategia de la empresa para mejorar la transparencia y posicionarse para un crecimiento acelerado. La presentación del Formulario 10 proporcionará a los accionistas una visión detallada del desempeño financiero, las operaciones y la visión futura de Scepter.
La presentación también es un paso importante para completar la adquisición del Ballengee Group, que se espera cierre a finales de año. Tras la adquisición, Ballengee Group se convertirá en una filial completamente propiedad de Scepter, con BSG Holdings adquiriendo una mayoría controladora de las acciones en circulación de Scepter. El CEO Adam Nicosia declaró que este movimiento reafirma el compromiso de la empresa de impulsar el valor para los accionistas y se alinea con sus objetivos a largo plazo de innovación y aumento de la cuota de mercado.
Scepter Holdings, Inc. (OTC PINK:BRZL)는 미국 증권 거래 위원회(SEC)에 Form 10 등록 서류를 제출했다고 발표했습니다. 이 조치는 투명성 향상 및 가속 성장을 위한 포지셔닝을 위한 회사의 전략의 일환입니다. Form 10 제출은 주주들에게 Scepter의 재무 성과, 운영 및 미래 비전에 대한 자세한 정보를 제공할 것입니다.
이 제출은 Ballengee Group의 인수 완료를 위한 중요한 단계이기도 하며, 연말까지 마무리될 것으로 예상됩니다. 인수 이후, Ballengee Group은 Scepter의 완전 자회사로 전환되며, BSG Holdings는 Scepter의 발행 주식의 지배적인 대다수를 보유하게 됩니다. CEO Adam Nicosia는 이 조치가 주주 가치를 증대시키려는 회사의 헌신을 재확인하며 혁신 및 시장 점유율 확대라는 장기 목표와 일치한다고 밝혔습니다.
Scepter Holdings, Inc. (OTC PINK:BRZL) a annoncé le dépôt de son formulaire d'enregistrement 10 auprès de la Commission des titres et des échanges des États-Unis (SEC). Ce mouvement fait partie de la stratégie de l'entreprise pour améliorer la transparence et se positionner pour une croissance accélérée. Le dépôt du formulaire 10 fournira aux actionnaires une vue détaillée des performances financières, des opérations et de la vision future de Scepter.
Le dépôt constitue également une étape importante dans l'achèvement de l'acquisition du Ballengee Group, prévue pour la fin de l'année. Après l'acquisition, le Ballengee Group deviendra une filiale entièrement détenue de Scepter, BSG Holdings obtenant une majorité de contrôle des actions en circulation de Scepter. Le PDG Adam Nicosia a déclaré que ce mouvement réaffirme l'engagement de l'entreprise à augmenter la valeur pour les actionnaires et s'aligne avec ses objectifs à long terme d'innovation et d'augmentation de la part de marché.
Scepter Holdings, Inc. (OTC PINK:BRZL) hat die Einreichung seines Formulars 10 bei der U.S. Securities and Exchange Commission (SEC) angekündigt. Dieser Schritt ist Teil der Unternehmensstrategie, um Transparenz zu erhöhen und sich für beschleunigtes Wachstum zu positionieren. Die Einreichung des Formulars 10 wird den Aktionären einen detaillierten Überblick über die finanzielle Leistung, die Abläufe und die zukünftige Vision von Scepter bieten.
Die Einreichung ist auch ein wichtiger Schritt zum Abschluss der Übernahme der Ballengee Group, die bis Ende des Jahres erwartet wird. Nach der Übernahme wird die Ballengee Group eine hundertprozentige Tochtergesellschaft von Scepter und BSG Holdings wird eine kontrollierende Mehrheit an den ausstehenden Aktien von Scepter gewinnen. CEO Adam Nicosia erklärte, dass dieser Schritt das Engagement des Unternehmens für Wertsteigerung für die Aktionäre bekräftigt und im Einklang mit seinen langfristigen Zielen von Innovation und Marktanteilssteigerung steht.
- Filing of Form 10 Registration Statement with SEC, enhancing transparency
- Progressing towards completing the acquisition of Ballengee Group
- Potential for accelerated growth and increased market share
- Potential dilution of existing shareholders' ownership due to BSG Holdings gaining controlling majority of outstanding stock
LAS VEGAS, NV / ACCESSWIRE / September 20, 2024 / Scepter Holdings, Inc. (OTC PINK:BRZL) (the "Company"), announced today that it has filed its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). This significant step is part of the Company's ongoing efforts to enhance transparency and position itself for accelerated growth.
The Form 10 filing is pivotal for Scepter Holdings as it transitions towards broader transparency and governance in its financial reporting. The filing will provide current and prospective shareholders with an in-depth view of the Company's financial performance, business operations, and strategic vision for the future.
The Form 10 filing is also a significant step in completing the acquisition of the Ballengee Group which the Company expects to close by the end of the year. After which, the Ballengee Group will be a wholly-owned subsidiary of the Company and BSG Holdings, which is the controlling equityholder of the Ballengee Group, will hold a controlling majority of the outstanding stock of Scepter.
"With this filing, Scepter Holdings reaffirms its commitment to driving shareholder value and enhancing transparency as it continues to execute on its business strategy", said Adam Nicosia, CEO of Scepter. "This signifies a critical step in aligning with the Company's long-term goals to drive innovation, and increase market share."
About Ballengee Group
Ballengee Group is a full-service sports agency representing athletes in the MLB, UFC and more. Ballengee Group brings together a preeminent lineup of experienced agents, lawyers, and business executives who have unmatched experience in all areas of an athlete's career. This includes contract negotiation, marketing deals, public relations, and strategic partnerships. With decades of experience representing world champions and global icons, Ballengee Group offers 150+ years of experience in the industry.
About AdaptAI
AdaptAI uses exceptional technology to leverage data and identify influencers to deliver the most profitable results for client brands.
The AdaptAI platform is a Software-as-a-Service (SAAS) based AI system that creates a proprietary 'data fingerprint' for client products data and even the entire company and, then matches them with influencers best positioned to succeed in promotion. AdaptAI also leverages AI to determine which influencers will generate the most attention - in specifically curated audiences.
AdaptAI analyzes proprietary data gathered by influencers for each specific campaign as additional feedback to inform ongoing promotions and to further refine its algorithm and monetize accumulated data.
About Scepter Holdings, Inc.
Scepter Holdings manages the marketing of products, data and companies through its AdaptAI software platform that efficiently matches products with the influencers that will generate the best results. Data from these transactions is accumulated and analyzed to fine tune AdaptAI and to provide even more revenue for its clients. The Company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods, and seeks to leverage its expertise with AdaptAI to create a global platform that will capitalize on data as an asset and efficiently match it with appropriate influencers.
For more information, please visit our website: http://scepterbrands.com
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Scepter's filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Additional information regarding the Ballengee Group and the terms of the acquisition of the Ballengee Group may be found in the Company's Form 10 filed with the SEC at www.sec.gov. There can be no assurances the Company will close the acquisition with the Ballengee Group or the timing of the closing. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
Investor Relations
775.375.1500
info@scepterbrands.com
SOURCE: Scepter Holdings, Inc.
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