Metavesco Board Approves 3-for-2 Forward Split

Rhea-AI Summary

Metavesco, Inc. (MVCO) has announced the approval of a 3 for 2 forward stock split by its board of directors and controlling shareholder, Ryan Schadel. The company's CEO stated that the forward split is intended to improve market liquidity for its stock and is in the best interest of the shareholders.

CUMMING, GA / ACCESSWIRE / December 19, 2023 / Metavesco, Inc. (OTC PINK:MVCO), a web3 enterprise and digital asset innovator, today announced its board of directors and controlling shareholder has approved a 3 for 2 forward stock split. On December 18, 2023, Ryan Schadel, Metavesco, Inc.'s (the "Company") Chief Executive Officer, sole director and the holder of approximately 63.09% of the voting power of the Company, acting by written consent, approved an amendment of the Company's Articles of Incorporation that, if filed, would effect a 3-for-2 forward stock split of the Company's common stock (the "Forward Split"). The Forward Split is subject to clearance by the Financial Industry Regulatory Authority ("FINRA"), and the Company will not effect the Forward Split until it is cleared by FINRA. The Board retains authority to abandon the Forward Split for any reason at any time prior to effecting the Forward Split.

Ryan Schadel, CEO of Metavesco Inc., stated, "The company will continue to take steps to improve market liquidity for its stock. Having this forward split approved for future use is in the best interest of the shareholders."

About Metavesco

Metavesco is a web3 enterprise and digital asset innovator. The Company generates revenue as a crypto liquidity provider via decentralized exchanges such as Uniswap, and the Company farms tokens via Proof of Stake protocols. The Company has bitcoin mining operations at hosted facilities in TX and KY. The company also invests in promising NFT projects and virtual land including OthersideMeta. Through its wholly owned subsidiary, the Company operates Boring Brew, a specialty coffee company utilizing owned and licensed NFT IP as unique packaging.

Safe Harbor Statement

This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on otcmarkets.com.

CONTACT:

info@metavesco.com
(678) 341-5898

SOURCE: Metavesco, Inc.

View the original press release on accesswire.com

FAQ

What did Metavesco, Inc. (MVCO) announce?

Metavesco, Inc. (MVCO) announced the approval of a 3 for 2 forward stock split by its board of directors and controlling shareholder, Ryan Schadel.

Who approved the forward stock split for Metavesco, Inc. (MVCO)?

The forward stock split was approved by Ryan Schadel, the CEO and sole director of Metavesco, Inc. (MVCO), who holds approximately 63.09% of the voting power of the company.

What is the purpose of the forward stock split for Metavesco, Inc. (MVCO)?

The purpose of the forward stock split is to improve market liquidity for the company's stock, according to CEO Ryan Schadel.