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InCapta, Inc. (OTC Pink: INCTD) and FrankSpeech Inc. have announced a business combination to create FrankSpeech Network, Inc. The company plans to uplist to a higher market tier and change its ticker symbol from INCTD to FSBN after 20 business days. FrankSpeech, founded by Mike Lindell, has grown to attract 7.2 million monthly viewers and 150 million annual impressions. Its social media network, FrankSocial, supports over 70,000 accounts.
The merger aims to leverage InCapta's 46 years of business experience with FrankSpeech's growing platform. The new leadership team brings expertise in technology, media, and startups. Future plans include expanding creator content, introducing a subscription model, and integrating advanced technologies like AI. The company aims to establish itself as a leading media brand in the free speech landscape through strategic acquisitions and marketing initiatives.
InCapta, Inc. (OTC PINK: INCT) has announced significant corporate actions processed by FINRA. The company has changed its name to FrankSpeech Network, Inc. and executed a 1:50,000 reverse stock split of its common stock. These actions were part of a share exchange with FrankSpeech, Inc., which became InCapta's wholly-owned subsidiary. InCapta issued 3,700,000 Series A Preferred Stock in exchange for all outstanding securities of FrankSpeech, Inc.
As a result, the company's stock symbol will temporarily change to 'INCTD' for 20 business days, after which it will become 'FSBN'. Fractional shares from the reverse split will be rounded up to the next whole share. These corporate actions are now reflected on FINRA's daily list.
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