GLOBAL TECH INDUSTRIES GROUP, INC. EXPANDS UPDATES REGARDING WARRANT DISTRIBUTION
Global Tech Industries Group, Inc. (GTII) announced an update on their warrant distribution. Shareholders who held common shares as of April 1, 2021, can transfer their warrants to direct registration by completing a form on GTII's website. Each shareholder is entitled to one warrant for every ten shares held, with a strike price of $2.75 per warrant, expiring on April 1, 2023. The transfer agent, Liberty Stock Transfer, will facilitate this process and address any discrepancies in warrant allocations.
- Shareholders can easily transfer their warrants with guidance from the company.
- Entitlement of one warrant for every ten shares may encourage shareholder participation.
- The company may face challenges in warrant distribution coordination.
- Financial uncertainties persist, including significant expenses without guaranteed revenues.
New York, NY, May 05, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) – Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today a further update regarding its previously announced warrant distribution.
The Company continues to receive inquiries from shareholders regarding the procedure for moving warrants from their brokerage accounts to direct book-entry registration with the Company’s transfer agent. The easiest and quickest method for effecting the transfer is for each shareholder who owned common shares of the Company’s stock at a broker or bank, as of April 1, 2021, to download and complete the “Shareholder Request to Bank/Broker” form available on the GTII Website, www.gtii-us.com. Once you have completed and signed the form, you should email it to both your bank/broker and the Company’s transfer agent.
As the Company’s transfer agent receives copies of the shareholder request forms, it will coordinate with the applicable banks/brokers to transfer each such shareholder’s warrants to book-entry with the Company. During this process, the transfer agent will also be tabulating the shareholder warrant transfer requests received from each bank/broker to determine whether any discrepancies exist with their respective original warrant allocation.
The strike price for the warrants is
The direct contact information for the Company’s transfer agent is as follows:
Liberty Stock Transfer, Inc.
jeff@libertystocktransfer.com
732.372.0707
About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our company at: www.otcmarkets.com/stock/GTII
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601
FAQ
What is the warrant strike price for GTII shareholders?
When do GTII warrants expire?
What is the procedure for GTII shareholders to transfer their warrants?
How many warrants can each GTII shareholder receive?
Who is the transfer agent for GTII?
