UAV Corp. (UMAV) Reduces Authorized Shares by 1.2 billion, Demonstrating Commitment to Shareholders
UAV Corp. (UMAV) has strategically reduced its authorized share count by 1.2 billion, lowering the total to 800 million. This move aims to optimize the capital structure, enhance shareholder value, and foster investor confidence. The reduction was approved by the Board of Directors and aligns with the company's goals of streamlining operations and positioning for future growth.
Additionally, UAV Corp. is advancing its growth through a joint venture with Atlantic Industrial Group Inc., leveraging 3D printing technologies to produce high-efficiency drones and lightweight airframe components. This initiative highlights UAV Corp.'s leadership in the UAV industry and commitment to innovation. The changes will be updated in the company’s amended articles of incorporation and all relevant corporate filings.
The reduction in authorized shares, along with recent milestones, underscores UAV Corp's focus on enhancing corporate governance and operational efficiency.
UAV Corp. (UMAV) ha ridotto strategicamente il proprio numero di azioni autorizzate di 1,2 miliardi, portando il totale a 800 milioni. Questa mossa mira a ottimizzare la struttura del capitale, aumentare il valore per gli azionisti e promuovere la fiducia degli investitori. La riduzione è stata approvata dal Consiglio di Amministrazione e si allinea con gli obiettivi dell'azienda di snellire le operazioni e posizionarsi per una crescita futura.
Inoltre, UAV Corp. sta avanzando nella sua crescita attraverso una joint venture con Atlantic Industrial Group Inc., sfruttando le tecnologie di stampa 3D per produrre droni ad alta efficienza e componenti per fusoli leggeri. Questa iniziativa evidenzia la leadership di UAV Corp. nel settore dei droni e il suo impegno per l'innovazione. Le modifiche saranno aggiornate negli articoli amendati della società e in tutte le dichiarazioni aziendali pertinenti.
La riduzione delle azioni autorizzate, insieme ai recenti traguardi, sottolinea l'attenzione di UAV Corp. nel migliorare la governance aziendale e l'efficienza operativa.
UAV Corp. (UMAV) ha reducido estratégicamente su número de acciones autorizadas en 1,2 mil millones, disminuyendo el total a 800 millones. Este movimiento tiene como objetivo optimizar la estructura de capital, aumentar el valor para los accionistas y fomentar la confianza de los inversores. La reducción fue aprobada por la Junta Directiva y está en línea con los objetivos de la compañía de agilizar las operaciones y posicionarse para un crecimiento futuro.
Además, UAV Corp. está avanzando en su crecimiento a través de una empresa conjunta con Atlantic Industrial Group Inc., aprovechando las tecnologías de impresión 3D para producir drones de alta eficiencia y componentes de fuselaje ligeros. Esta iniciativa destaca el liderazgo de UAV Corp. en la industria de UAV y su compromiso con la innovación. Los cambios se actualizarán en los artículos enmendados de la empresa y en todos los archivos corporativos relevantes.
La reducción en las acciones autorizadas, junto con los recientes hitos, subraya el enfoque de UAV Corp. en mejorar la gobernanza corporativa y la eficiencia operativa.
UAV Corp. (UMAV)는 전략적으로 승인된 주식 수를 12억 주 줄여 총 8억 주로 낮췄습니다. 이 결정은 자본 구조를 최적화하고 주주 가치를 높이며 투자자 신뢰를 증진하기 위한 것입니다. 이 감소는 이사회에 의해 승인되었으며, 운영을 간소화하고 미래 성장을 위한 포지셔닝을 목표로 하는 회사의 목표와 일치합니다.
또한, UAV Corp.는 Atlantic Industrial Group Inc.와의 합작 투자를 통해 3D 프린팅 기술을 활용하여 고효율 드론과 경량 비행기 구조 부품을 생산하는 성장을 추진하고 있습니다. 이 이니셔티브는 UAV Corp.의 UAV 산업에서의 리더십과 혁신에 대한 헌신을 강조합니다. 이러한 변경 사항은 회사의 수정된 정관 및 모든 관련 기업 서류에 업데이트될 것입니다.
승인된 주식의 감소와 최근 이정표는 UAV Corp.의 기업 거버넌스와 운영 효율성을 향상시키려는 집중을 강조합니다.
UAV Corp. (UMAV) a réduit stratégiquement son nombre d'actions autorisées de 1,2 milliard, abaissant le total à 800 millions. Cette décision vise à optimiser la structure du capital, à accroître la valeur pour les actionnaires et à renforcer la confiance des investisseurs. La réduction a été approuvée par le Conseil d'Administration et s'aligne sur les objectifs de l'entreprise visant à rationaliser les opérations et à se positionner pour une croissance future.
De plus, UAV Corp. fait progresser sa croissance grâce à une coentreprise avec Atlantic Industrial Group Inc., utilisant les technologies de impression 3D pour produire des drones à haute efficacité et des composants de structure légers. Cette initiative met en avant le leadership d'UAV Corp. dans le secteur UAV et son engagement envers l'innovation. Les modifications seront mises à jour dans les articles de la société amendés et tous les dépôts d'entreprise pertinents.
La réduction des actions autorisées, accompagnée des récents jalons, souligne l'engagement d'UAV Corp. à améliorer la gouvernance d'entreprise et l'efficacité opérationnelle.
UAV Corp. (UMAV) hat strategisch die Anzahl der genehmigten Aktien um 1,2 Milliarden reduziert und den Gesamtbetrag auf 800 Millionen gesenkt. Diese Maßnahme zielt darauf ab, die Kapitalstruktur zu optimieren, den Aktionärswert zu steigern und das Vertrauen der Investoren zu fördern. Die Reduzierung wurde vom Vorstand genehmigt und steht im Einklang mit den Unternehmenszielen, die Abläufe zu straffen und sich für zukünftiges Wachstum zu positionieren.
Darüber hinaus fördert UAV Corp. sein Wachstum durch eine Joint Venture mit Atlantic Industrial Group Inc., indem es 3D-Druck-Technologien nutzt, um hocheffiziente Drohnen und leichte Rumpfteile zu produzieren. Diese Initiative unterstreicht die Führungsrolle von UAV Corp. in der UAV-Branche und ihr Engagement für Innovation. Die Änderungen werden in den geänderten Satzungen des Unternehmens und allen relevanten Unternehmensdokumenten aktualisiert.
Die Reduzierung der genehmigten Aktien, zusammen mit den jüngsten Meilensteinen, hebt den Fokus von UAV Corp. auf Verbesserung der Unternehmensführung und der operativen Effizienz hervor.
- Reduction of authorized shares by 1.2 billion, lowering the total to 800 million.
- Expected improvement in investor attractiveness and shareholder value.
- Joint venture with Atlantic Industrial Group Inc. to leverage advanced 3D printing technologies for drone manufacturing.
- None.
New Authorized Share Count Approved at 800 million
- UAV Corp. (UMAV) Demonstrates Shareholder Commitment: The company has strategically reduced its authorized share count by 1.2 billion, lowering the total to 800 million. This significant decision highlights UAV Corp.'s focus on optimizing its capital structure, enhancing shareholder value, and fostering investor confidence
- UAV Corp. Advances Growth with Manufacturing Innovations: Through its joint venture with Atlantic Industrial Group Inc., UAV Corp. is leveraging cutting-edge technologies, including 3D printing, to produce high-efficiency drones and lightweight airframe components. This initiative underscores UAV Corp.'s leadership in the UAV industry and dedication to innovation
WEWAHITCHKA-PORT ST JOE, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- UAV Corp (OTC: UMAV), a leader in innovative manned and unmanned aerial vehicle (UAV) technologies, today announced a strategic reduction in its authorized share count. The company’s Board of Directors has approved a decrease in authorized common shares by 1.2 billion, bringing the total from 2 billion to 800 million shares. This decision underscores UMAV Corp’s commitment to optimizing its capital structure and creating long-term value for its shareholders.
This adjustment follows the company's ongoing efforts to streamline operations, enhance shareholder value, and position the company for future growth. The reduction is expected to improve the company's attractiveness to investors and demonstrate its confidence in the strength of its business strategy and operational performance.
“Reducing our authorized shares reflects our commitment to disciplined financial management and our focus on enhancing shareholder value,” said Michael Lawson, CEO of UAV Corp. “This move aligns with our strategic goals and underscores our confidence in the company's long-term growth trajectory. We are dedicated to delivering innovative solutions and driving profitability for our stakeholders.”
This change will be reflected in the company’s amended articles of incorporation, stock ledger, and all relevant corporate filings. The decision follows recent milestones, including the joint venture announcement with Atlantic Industrial Group Inc. (AIG) to establish cutting-edge manufacturing capabilities at Skyborne Technology’s Wewahitchka, Florida facility. The facility will produce high-efficiency drone models, including SVTOLs, and develop lightweight airframe components using advanced 3D printing technology.
The reduction in authorized shares builds upon UMAV Corp’s previous announcements and demonstrates the company’s continued focus on enhancing corporate governance and operational efficiency. In its last press release, UAV Corp/Skyborne Technology highlighted its partnership with AIG, emphasizing the potential to revolutionize the UAV industry through advanced manufacturing and integration of innovative technologies.
About UAV Corp/Skyborne Technology, Inc.
UAV Corp is a premier developer of manned and unmanned aerial vehicle technology. With decades of experience specializing in highly maneuverable lighter-than-air technologies for commercial and government solutions, UAV Corp focuses on innovation and reliability. It provides cutting-edge platforms that enhance operational capabilities across various sectors.
Cautionary Statement Regarding Forward-Looking Information:
This news release includes certain "forward-looking statements" under applicable US securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals, where applicable; and the state of the capital markets. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Michael Lawson, CEO
mlawson@uavcorp.net
115 County Road 381
Wewahitchka, Florida 32465
For more information about UMAV Corp and its innovative technologies, visit: www.uavcorp.net
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