Consumer Automotive Finance, Inc. Finalizes Agreement to Retire 246 Million Common Shares: Strategic Move Signals Robust Commitment to Shareholder Value Enhancement
Consumer Automotive Finance (OTCPK: CAFI) has announced the finalization of an agreement to retire 246 million of its issued and outstanding common shares, expected to be reflected on OTC Markets within 14 days. This strategic move aims to enhance shareholder value and optimize capital structure.
The company is also undergoing a significant transformation, having received FINRA approval to rebrand as Fifty 1 Labs, Inc. and will trade under the new ticker symbol 'FITY'. The company operates in the sports supplement, fitness equipment, and health and wellness industries, with brands including '51' sports supplement and subsidiaries 51 Labs and The Quickness.
Chairman Brandon Spikes emphasized this share retirement as part of a broader initiative to enhance shareholder value, strengthen the share structure, and maintain transparency. The company is also pursuing an uplisting to the OTCQB market tier.
Consumer Automotive Finance (OTCPK: CAFI) ha annunciato la finalizzazione di un accordo per ritirare 246 milioni delle sue azioni ordinarie emesse e in circolazione, che si prevede saranno riflesse nei mercati OTC entro 14 giorni. Questa mossa strategica mira a migliorare il valore per gli azionisti e ottimizzare la struttura del capitale.
L'azienda sta anche attraversando una significativa trasformazione, avendo ricevuto l'
Il presidente Brandon Spikes ha sottolineato questo ritiro di azioni come parte di un'iniziativa più ampia per aumentare il valore per gli azionisti, rafforzare la struttura azionaria e mantenere la trasparenza. L'azienda sta anche perseguendo un uplisting nel mercato OTCQB.
Consumer Automotive Finance (OTCPK: CAFI) ha anunciado la finalización de un acuerdo para retirar 246 millones de sus acciones ordinarias emitidas y en circulación, que se espera se reflejen en los mercados OTC dentro de 14 días. Este movimiento estratégico tiene como objetivo mejorar el valor para los accionistas y optimizar la estructura de capital.
La empresa también está pasando por una transformación significativa, habiendo recibido la aprobación de FINRA para rebrandearse como Fifty 1 Labs, Inc. y cotizará bajo el nuevo símbolo de ticker 'FITY'. La empresa opera en las industrias de suplementos deportivos, equipos de fitness y salud y bienestar, con marcas que incluyen el suplemento deportivo '51' y las subsidiarias 51 Labs y The Quickness.
El presidente Brandon Spikes enfatizó este retiro de acciones como parte de una iniciativa más amplia para aumentar el valor para los accionistas, fortalecer la estructura de acciones y mantener la transparencia. La empresa también está buscando una uplisting en el mercado OTCQB.
Consumer Automotive Finance (OTCPK: CAFI)는 발행된 보통주 2억 4600만 주를 매입하기 위한 계약이 최종화되었음을 발표했으며, 이는 14일 이내에 OTC 시장에 반영될 것으로 예상됩니다. 이 전략적 조치는 주주 가치를 향상하고 자본 구조를 최적화하는 것을 목표로 하고 있습니다.
회사는 또한 중요한 변화를 겪고 있으며, FINRA의 승인을 받아 Fifty 1 Labs, Inc.로 브랜드를 변경하고 새로운 티커 심볼 'FITY'로 거래할 예정입니다. 이 회사는 스포츠 보충제, 피트니스 장비 및 건강 및 웰빙 산업에서 활동하고 있으며, '51' 스포츠 보충제와 자회사 51 Labs 및 The Quickness와 같은 브랜드를 보유하고 있습니다.
회장 Brandon Spikes는 이 주식 매입이 주주 가치를 증대하고 주식 구조를 강화하며 투명성을 유지하기 위한 더 넓은 이니셔티브의 일환으로 강조했습니다. 회사는 또한 OTCQB 시장으로의 업리스트를 추진하고 있습니다.
Consumer Automotive Finance (OTCPK: CAFI) a annoncé la finalisation d'un accord pour retirer 246 millions de ses actions ordinaires émises et en circulation, qui devraient être reflétées sur les marchés OTC dans les 14 jours. Ce mouvement stratégique vise à améliorer la valeur pour les actionnaires et à optimiser la structure du capital.
L'entreprise subit également une transformation significative, ayant obtenu l'approbation de la FINRA pour se renommer Fifty 1 Labs, Inc. et sera cotée sous le nouveau symbole boursier 'FITY'. L'entreprise opère dans les secteurs des suppléments sportifs, des équipements de fitness et de la santé et du bien-être, avec des marques telles que le supplément sportif '51' et les filiales 51 Labs et The Quickness.
Le président Brandon Spikes a souligné ce retrait d'actions comme faisant partie d'une initiative plus large visant à augmenter la valeur pour les actionnaires, à renforcer la structure des actions et à maintenir la transparence. L'entreprise cherche également à obtenir une cotation sur le marché OTCQB.
Consumer Automotive Finance (OTCPK: CAFI) hat die Finalisierung einer Vereinbarung zur Rücknahme von 246 Millionen seiner ausgegebenen und ausstehenden Stammaktien bekannt gegeben, die voraussichtlich innerhalb von 14 Tagen an den OTC-Märkten reflektiert werden. Dieser strategische Schritt zielt darauf ab, den Wert für die Aktionäre zu steigern und die Kapitalstruktur zu optimieren.
Das Unternehmen durchläuft auch einen bedeutenden Transformationsprozess, nachdem es die FINRA-Zulassung erhalten hat, um sich in Fifty 1 Labs, Inc. umzubenennen und unter dem neuen Tickersymbol 'FITY' zu handeln. Das Unternehmen ist in den Bereichen Sportnahrungsergänzung, Fitnessgeräte sowie Gesundheits- und Wellnessindustrie tätig und hat Marken wie das Sportnahrungsergänzungsmittel '51' sowie die Tochtergesellschaften 51 Labs und The Quickness.
Der Vorsitzende Brandon Spikes betonte diese Aktienrücknahme als Teil einer umfassenderen Initiative zur Steigerung des Wertes für die Aktionäre, zur Stärkung der Aktienstruktur und zur Wahrung der Transparenz. Das Unternehmen strebt auch eine Auflistung im OTCQB-Markttier an.
- Share reduction of 246 million shares to enhance shareholder value
- FINRA approval received for rebranding
- Planned uplisting to OTCQB market tier
- Diversified portfolio across sports supplement and wellness industries
- Currently trading on lower-tier OTCPK market
MELBOURNE, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- via IBN -- Consumer Automotive Finance, Inc. (OTCPK: CAFI), a dynamic leader in the sports supplement, fitness equipment, and health and wellness industries, proudly announces the finalization of an agreement to retire 246 million of its issued and outstanding common shares. This transformative action, executed with precision by the company's management team, underscores an unwavering dedication to fortifying shareholder value and optimizing its capital structure as it continues to thrive on the OTC market.
The retirement of these 246 million shares, a significant step in CAFI's ongoing strategic evolution, is anticipated to be reflected on the OTC Markets website within the next 14 days, pending standard procedural updates. This milestone follows the company's rigorous efforts to streamline its equity framework, positioning CAFI to deliver amplified returns and heightened stability for its investor base.
A Bold Commitment to Shareholders
"This landmark share retirement exemplifies our management team's resolute focus on creating enduring value for our shareholders," stated Brandon Spikes, Chairman of Consumer Automotive Finance, Inc. "By reducing our outstanding shares by 246 million, we are not only enhancing the intrinsic value of each remaining share but also signaling our confidence in CAFI's growth trajectory and long-term profitability. This is a deliberate, shareholder-centric strategy designed to reward those who have invested in our vision."
The decision to retire such a substantial portion of common stock reflects CAFI's proactive approach to capital management, a cornerstone of its operational philosophy. By decreasing the total share count, the company aims to bolster earnings per share potential, elevate market perception, and provide a stronger foundation for future growth initiatives—all while maintaining its commitment to transparency and compliance as an OTC-traded entity. Importantly, this retirement marks merely the first step in a broader initiative, as CAFI's leadership is committed to continuously exploring additional avenues to enhance shareholder value, further tighten the share structure, and uphold the highest standards of transparency with its investors. "This is only the beginning," Spikes emphasized. "We will persist in identifying innovative strategies to refine our equity framework and ensure our shareholders remain at the heart of every decision."
Transition to Fifty 1 Labs, Inc.: A Milestone Achievement with FINRA Approval
In a momentous development, Consumer Automotive Finance, Inc. is poised to rebrand as Fifty 1 Labs, Inc., with its shares soon to trade under the ticker symbol "FITY" on the OTC market. This transition follows the successful completion of an exhaustive review process by the Financial Industry Regulatory Authority (FINRA), a rigorous undertaking that spanned an extended period and entailed a comprehensive examination of the company's historical records, financial books, and operational legacy. "Navigating FINRA's meticulous inquiry was a formidable challenge, yet it reflects our commitment to the highest standards of diligence and accountability," Spikes noted. "This approval marks a profound validation of our corporate integrity and positions Fifty 1 Labs, Inc. as a fortified entity ready to lead with renewed clarity and purpose." Shareholders can anticipate this rebranding to further enhance the company's market identity and investor appeal.
Enhancing Value in a Competitive Market
Operating within the rapidly expanding health and wellness sector, CAFI—soon to be Fifty 1 Labs, Inc.—continues to leverage its diversified portfolio, including its flagship "51" sports supplement brand and subsidiaries like 51 Labs and The Quickness, to capture market opportunities. The share retirement aligns seamlessly with these efforts, demonstrating to investors that management is not merely content with operational success but is actively sculpting a financial structure that maximizes shareholder equity.
"Our leadership team views this share retirement as a pivotal lever to unlock value," Spikes added. "It's a clear message to our shareholders: we are here to build a legacy of trust, performance, and prosperity. By reducing our share float, we enhance the scarcity and potential appreciation of CAFI stock, ensuring that our investors reap the rewards of our strategic foresight."
A Future Built on Shareholder Trust
This action builds on CAFI's history of shareholder-friendly initiatives, including prior share reductions and its ongoing pursuit of an uplisting to the OTCQB market tier. The retirement of 246 million shares, coupled with the forthcoming transition to Fifty 1 Labs, Inc., is a testament to the management team's meticulous stewardship, balancing aggressive growth with prudent financial discipline. As the company anticipates the share retirement update on the OTC Markets website within the next two weeks, it reaffirms its pledge to keep investors informed through timely disclosures and robust communication channels.
Consumer Automotive Finance, Inc., soon to be Fifty 1 Labs, Inc., remains steadfast in its mission to deliver cutting-edge products and unparalleled value, both in the marketplace and to its shareholders. With these strategic advancements, CAFI solidifies its position as a forward-thinking public company poised for sustained success on the OTC market.
For additional updates, investors and stakeholders are encouraged to visit the company's official website https://fifty1labs.com/ or follow CAFI on X https://x.com/Fifty1Labs. This is Consumer Automotive Finance, Inc.—where innovation meets investor empowerment.
About Fifty 1 Labs, Inc.
Consumer Automotive Finance, Inc. (OTCPK: CAFI), soon to be renamed Fifty 1 Labs, Inc., is a publicly traded company focused on sports supplementation, fitness equipment, and holistic wellness. The company operates four key subsidiaries: 51, LLC, which specializes in sports supplements; The Quickness, which offers patented athletic training equipment; Astound NMN, a leader in anti-aging and DNA repair supplements; and Drago Knives, patented knife throwing technology. Fifty 1 Labs, Inc. is also actively pursuing strategic acquisitions to expand its portfolio and drive sustainable growth.
Safe Harbor Statement:
The information provided in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Identifiable by words such as "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions, these statements may also be made in written or oral form in the company's filings with the U.S. Securities and Exchange Commission, OTC Markets, press releases, other written materials, or in oral statements made by its officers, directors, or employees to third parties. There can be no assurance that such statements will prove to be accurate. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Disclosure Statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the company's control. The company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
Investor Relations
877-814-4188
ir@fifty1labs.com
FAQ
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