Greystone Logistics Shares Information on Stock Buybacks
Greystone Logistics (OTCQB: GLGI), a manufacturer of 100% recycled plastic pallets, has announced two significant financial moves: the completion of a $5 million Preferred Stock redemption and the purchase of 620,052 shares of common stock through their previously announced buyback program.
The company executed these transactions using available cash on hand, demonstrating their commitment to strengthening their capital structure and enhancing shareholder value. The announcement comes ahead of their participation in the Planet MicroCap Showcase at VEGAS 2025, where they plan to engage with potential investors and stakeholders.
Greystone Logistics (OTCQB: GLGI), produttore di pallet in plastica 100% riciclata, ha annunciato due importanti operazioni finanziarie: il completamento di un riscatto di azioni privilegiate per 5 milioni di dollari e l'acquisto di 620.052 azioni ordinarie tramite il programma di riacquisto precedentemente annunciato.
L'azienda ha effettuato queste operazioni utilizzando la liquidità disponibile, dimostrando il proprio impegno a rafforzare la struttura del capitale e ad aumentare il valore per gli azionisti. L'annuncio arriva in vista della partecipazione al Planet MicroCap Showcase a VEGAS 2025, dove intendono confrontarsi con potenziali investitori e stakeholder.
Greystone Logistics (OTCQB: GLGI), fabricante de pallets de plástico 100% reciclado, ha anunciado dos movimientos financieros importantes: la finalización de un reembolso de acciones preferentes por 5 millones de dólares y la compra de 620,052 acciones comunes a través de su programa de recompra previamente anunciado.
La compañía ejecutó estas transacciones utilizando el efectivo disponible, demostrando su compromiso de fortalecer su estructura de capital y aumentar el valor para los accionistas. El anuncio se realiza antes de su participación en el Planet MicroCap Showcase en VEGAS 2025, donde planean interactuar con posibles inversores y partes interesadas.
Greystone Logistics (OTCQB: GLGI)는 100% 재활용 플라스틱 팔레트 제조업체로서 두 가지 중요한 재무 조치를 발표했습니다: 500만 달러 우선주 상환 완료와 이전에 발표한 자사주 매입 프로그램을 통해 620,052주 보통주 매입입니다.
회사는 보유 현금을 사용해 이 거래들을 실행했으며, 이는 자본 구조를 강화하고 주주 가치를 높이려는 의지를 보여줍니다. 이 발표는 VEGAS 2025에서 열리는 Planet MicroCap Showcase 참여를 앞두고 이루어졌으며, 잠재 투자자 및 이해관계자와의 교류를 계획하고 있습니다.
Greystone Logistics (OTCQB : GLGI), fabricant de palettes en plastique 100 % recyclé, a annoncé deux mouvements financiers importants : l’achèvement d’un rachat d’actions privilégiées de 5 millions de dollars et l’achat de 620 052 actions ordinaires dans le cadre de leur programme de rachat d’actions précédemment annoncé.
L’entreprise a réalisé ces opérations en utilisant la trésorerie disponible, démontrant ainsi son engagement à renforcer sa structure de capital et à accroître la valeur pour ses actionnaires. Cette annonce intervient avant leur participation au Planet MicroCap Showcase à VEGAS 2025, où ils prévoient d’échanger avec des investisseurs potentiels et des parties prenantes.
Greystone Logistics (OTCQB: GLGI), ein Hersteller von zu 100 % recycelten Kunststoffpaletten, hat zwei bedeutende finanzielle Schritte angekündigt: den Abschluss einer Rückzahlung von Vorzugsaktien in Höhe von 5 Millionen US-Dollar und den Kauf von 620.052 Stammaktien im Rahmen ihres zuvor angekündigten Rückkaufprogramms.
Das Unternehmen führte diese Transaktionen mit verfügbaren Barmitteln durch und zeigt damit sein Engagement, die Kapitalstruktur zu stärken und den Aktionärswert zu erhöhen. Die Ankündigung erfolgt vor ihrer Teilnahme an der Planet MicroCap Showcase in VEGAS 2025, wo sie mit potenziellen Investoren und Stakeholdern in Kontakt treten wollen.
- Completed $5 million Preferred Stock redemption
- Purchased 620,052 shares through stock buyback program
- Transactions funded with existing cash on hand, indicating strong liquidity
- None.
TULSA, Okla., April 23, 2025 (GLOBE NEWSWIRE) -- Greystone Logistics, Inc. (OTCQB: GLGI), a leading manufacturer of
CEO Warren Kruger commented “Our team at Greystone continues the company’s commitment to strengthening our capital structure and enhancing shareholder value utilizing cash on hand. We wanted to disseminate this timely information in advance of attending the Planet MicroCap Showcase at VEGAS 2025 in partnership with MicroCapClub this week. Engaging with potential investors and stakeholders helps reinforce our message and enhance future opportunities.”
About Greystone Logistics
Greystone Logistics is a “green” manufacturing company focused on sustainability. The company reprocesses recycled plastic and designs, manufactures and sells high-quality
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact
Brendan Hopkins
Investor Relations
Email: investorrelations@greystonelogistics.com
Phone : (407) 645-5295
https://www.greystonepallets.com
FAQ
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