STOCK TITAN

Golden Grail Beverages Lowers Authorized Common Stock

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

Golden Grail Beverages Corp. (OTC: GOGY) has announced a significant change to its corporate structure. The company will amend its articles of incorporation to reduce its authorized Common Stock from 5 billion to 500 million shares, representing a 90% decrease. This move is part of a broader plan to restructure the company's capitalization and benefit current shareholders.

Interim CEO Scott Lomu stated that this change aims to align the capital structure with planned acquisitions and create an anti-dilutive, pro-market investor common stock structure. The company has committed to not increasing authorized Common Stock for at least two years, emphasizing its focus on maximizing shareholder value and limiting dilution except for material acquisitions.

Golden Grail Beverages Corp. (OTC: GOGY) ha annunciato una modifica significativa alla sua struttura aziendale. L'azienda modificherà i suoi articoli di incorporazione per ridurre il numero di azioni ordinarie autorizzate da 5 miliardi a 500 milioni, rappresentando una diminuzione del 90%. Questa mossa è parte di un piano più ampio per ristrutturare la capitalizzazione dell'azienda e avvantaggiare gli attuali azionisti.

Il CEO ad interim Scott Lomu ha dichiarato che questo cambiamento mira ad allineare la struttura del capitale con le acquisizioni pianificate e a creare una struttura di azioni ordinarie favorevole agli investitori, evitando la diluizione. L'azienda si è impegnata a non aumentare il numero di azioni ordinarie autorizzate per almeno due anni, sottolineando il suo obiettivo di massimizzare il valore per gli azionisti e limitare la diluizione, ad eccezione delle acquisizioni materiali.

Golden Grail Beverages Corp. (OTC: GOGY) ha anunciado un cambio significativo en su estructura corporativa. La compañía modificará sus artículos de incorporación para reducir su capital social autorizado de 5 mil millones a 500 millones de acciones, lo que representa una disminución del 90%. Este movimiento es parte de un plan más amplio para reestructurar la capitalización de la empresa y beneficiar a los accionistas actuales.

El CEO interino Scott Lomu declaró que este cambio tiene como objetivo alinear la estructura de capital con las adquisiciones planificadas y crear una estructura de acciones ordinarias que beneficie a los inversionistas, evitando la dilución. La compañía se ha comprometido a no aumentar el capital social autorizado por al menos dos años, enfatizando su enfoque en maximizar el valor para los accionistas y limitar la dilución, salvo en adquisiciones materiales.

골든 그레일 음료 회사(Golden Grail Beverages Corp. (OTC: GOGY))는 기업 구조에 중대한 변화를 발표했습니다. 이 회사는 자본금의 90%를 줄여 50억 주에서 5억 주로 보통주 발행 가능 수를 수정할 것이라고 밝혔습니다. 이번 조치는 회사의 자본 구조를 재편성하고 기존 주주들에게 혜택을 주기 위한 보다 광범위한 계획의 일환입니다.

임시 CEO 스콧 로무(Scott Lomu)는 이번 변화가 계획 중인 인수와 자본 구조를 조정하고, 투자자에게서 희석 효과를 피할 수 있는 주식 구조를 만들기 위한 것이라고 밝혔습니다. 이 회사는 최소한 2년 동안 보통주 발행 가능 수를 증가시키지 않겠다고 약속하며, 주주의 가치를 극대화하고, 물질적인 인수를 제외하고는 희석을 제한하는 것에 집중하고 있음을 강조했습니다.

Golden Grail Beverages Corp. (OTC: GOGY) a annoncé un changement significatif dans sa structure d'entreprise. La société modifiera ses statuts pour réduire le capital autorisé de 5 milliards à 500 millions d'actions, ce qui représente une réduction de 90%. Ce mouvement fait partie d'un plan plus large pour restructurer le capital de la société et bénéficier aux actionnaires actuels.

Le PDG par intérim, Scott Lomu, a déclaré que ce changement vise à aligner la structure du capital avec les acquisitions prévues et à créer une structure d'actions ordinaires qui protège les investisseurs de la dilution. La société s'est engagée à ne pas augmenter le capital autorisé pour au moins deux ans, en mettant l'accent sur la maximisation de la valeur pour les actionnaires et la limitation de la dilution, sauf pour les acquisitions matérielles.

Golden Grail Beverages Corp. (OTC: GOGY) hat eine bedeutende Änderung seiner Unternehmensstruktur angekündigt. Das Unternehmen wird seine Satzung ändern, um das genehmigte Stammkapital von 5 Milliarden auf 500 Millionen Aktien zu reduzieren, was einem Rückgang von 90% entspricht. Dieser Schritt ist Teil eines umfassenderen Plans zur Umstrukturierung des Unternehmenskapitals und zur Unterstützung der aktuellen Aktionäre.

Der Interim-CEO Scott Lomu erklärte, dass diese Änderung darauf abzielt, die Kapitalstruktur mit geplanten Akquisitionen in Einklang zu bringen und eine antidendilitierende, marktorientierte Struktur für Stammaktien zu schaffen. Das Unternehmen hat sich verpflichtet, das genehmigte Stammkapital für mindestens zwei Jahre nicht zu erhöhen und betont dabei seinen Fokus auf die Maximierung des Aktionärswertes und die Begrenzung der Verwässerung, es sei denn, es handelt sich um wesentliche Akquisitionen.

Positive
  • 90% reduction in authorized Common Stock from 5 billion to 500 million shares
  • Commitment to not increase authorized Common Stock for two years
  • Alignment of capital structure with planned acquisition strategy
  • Focus on maximizing shareholder value and limiting dilution
Negative
  • None.

FT. LAUDERDALE, Fla., Aug. 29, 2024 /PRNewswire/ -- Golden Grail Beverages Corp. (OTC: GOGY – hereinafter referred to as the "Company"), a leader in the beverage industry known for its innovative and sustainable products, has will be amending its articles of incorporation to lower its authorized Common Stock from 5,000,000,000 shares to 500,000,000 shares. 

Mr. Scott Lomu (Interim CEO of the Company), states… "This amendment to our articles of incorporation, which will lower our authorized common stock from 5,000,000,000 to 500,000,000 shares of Common Stock, is part of a plan to restructure our corporate capitalization which will benefit current shareholders. This is a 90% decrease in our authorized shares of Common Stock. It is being done to make our capital structure to be more in line with our planned acquisition schedule, and put in place an anti-dilutive, pro-market investor common stock structure. Moving forward, all proposed material equity related transactions will be viewed first and foremost through the lens of the maximization of shareholder value.

"Once the authorized Common Stock is lowered, the Company has agreed not to not conduct an increase in the amount of authorized Common Stock of the Company for a minimum period of two calendar years. The primary goal of lowering our authorized common stock is to let our market shareholders know that we have no intention of diluting their respective holdings except with regards to material acquisitions. This capital change will leave enough common stock unissued to allow for our planned acquisitions that are now being negotiated. As we grow through acquisition, we want the public to know that we have one goal, to maximize shareholder value."

Disclaimer Regarding Forward Looking Statements 

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.

About Golden Grail Beverages

Golden Grail Beverages is a rapidly expanding company dedicated to acquiring, innovating, and scaling a diverse portfolio of beverages. With a focus on sustainability and consumer engagement, Golden Grail is committed to providing high-quality, energizing, and refreshing drinks to its customers. For more information, visit https://goldengrailbeverages.com/ 

Contact Information

https://goldengrailbeverages.com/
https://www.facebook.com/GoldenGrailBeverages
https://www.instagram.com/goldengrailbeverages/
https://twitter.com/goldengrailbev 

Cision View original content:https://www.prnewswire.com/news-releases/golden-grail-beverages-lowers-authorized-common-stock-302234141.html

SOURCE Golden Grail Beverages

FAQ

What is the new authorized Common Stock limit for Golden Grail Beverages (GOGY)?

Golden Grail Beverages (GOGY) is lowering its authorized Common Stock from 5,000,000,000 shares to 500,000,000 shares, a 90% reduction.

How long has Golden Grail Beverages (GOGY) committed to not increasing authorized Common Stock?

Golden Grail Beverages (GOGY) has committed to not increasing the amount of authorized Common Stock for a minimum period of two calendar years.

What is the primary goal of Golden Grail Beverages (GOGY) in reducing its authorized Common Stock?

The primary goal is to assure market shareholders that the company has no intention of diluting their holdings except for material acquisitions, and to maximize shareholder value.

Who announced the authorized Common Stock reduction for Golden Grail Beverages (GOGY)?

The authorized Common Stock reduction was announced by Mr. Scott Lomu, the Interim CEO of Golden Grail Beverages (GOGY).

GOLDEN GRAIL TECH CORP

OTC:GOGY

GOGY Rankings

GOGY Latest News

GOGY Stock Data

2.96M
Beverages - Non-Alcoholic
Consumer Defensive
Link
United States of America
Weston