Unitronix Corp Launches Share Buyback Initiative
Unitronix Corp (OTC: UTRX) has announced a significant share buyback program and plans to reduce its authorized shares, aiming to enhance shareholder value and streamline its corporate strategy. The company has authorized the repurchase of up to 100,000,000 shares of its outstanding common stock through 2024, with 23 million shares already repurchased and canceled. Unitronix also intends to reduce its authorized shares by up to 75%, from 2 billion to 500 million.
The buyback will be funded through cash on hand, operations, and potentially accretive financing. If successful, this initiative could reduce the current outstanding share count by an additional 40%. The company believes these actions reflect confidence in its Cryptocurrency Investment Portfolio Strategy and commitment to long-term growth in the blockchain sector.
Unitronix Corp (OTC: UTRX) ha annunciato un programma significativo di riacquisto di azioni e prevede di ridurre le sue azioni autorizzate, con l'obiettivo di aumentare il valore per gli azionisti e semplificare la sua strategia aziendale. L'azienda ha autorizzato il riacquisto di un massimo di 100.000.000 azioni del suo capitale sociale in circolazione entro il 2024, con 23 milioni di azioni già riacquistate e annullate. Unitronix intende anche ridurre le sue azioni autorizzate fino al 75%, passando da 2 miliardi a 500 milioni.
Il riacquisto sarà finanziato attraverso liquidità disponibile, operazioni e potenzialmente finanziamenti accrescitivi. Se avrà successo, questa iniziativa potrebbe ridurre il numero attuale di azioni in circolazione di un ulteriore 40%. L'azienda ritiene che queste azioni riflettano fiducia nella sua strategia di portafoglio di investimenti in criptovalute e l'impegno per la crescita a lungo termine nel settore della blockchain.
Unitronix Corp (OTC: UTRX) ha anunciado un programa significativo de recompra de acciones y planea reducir sus acciones autorizadas, con el objetivo de aumentar el valor para los accionistas y simplificar su estrategia corporativa. La empresa ha autorizado la recompra de hasta 100,000,000 acciones de sus acciones comunes en circulación hasta 2024, habiendo recomprado y cancelado ya 23 millones de acciones. Unitronix también tiene la intención de reducir sus acciones autorizadas hasta en un 75%, de 2 mil millones a 500 millones.
La recompra se financiará a través de efectivo disponible, operaciones y potencialmente financiación accrescitiva. Si tiene éxito, esta iniciativa podría reducir el número actual de acciones en circulación en un 40% adicional. La empresa cree que estas acciones reflejan confianza en su Estrategia de Cartera de Inversiones en Criptomonedas y un compromiso con el crecimiento a largo plazo en el sector de la blockchain.
Unitronix Corp (OTC: UTRX)는 상당한 주식 매입 프로그램을 발표하고, 주주 가치를 높이고 기업 전략을 간소화하기 위해 허용 주식을 줄일 계획이라고 밝혔습니다. 회사는 2024년까지 최대 100,000,000주의 자사 보통주 매입을 승인했습니다, 이미 2300만 주를 매입하고 취소했습니다. Unitronix는 또한 허용 주식을 75%까지 줄일 계획입니다, 20억 주에서 5억 주로.
매입은 현금 잔고, 운영 및 잠재적으로 부가가치 있는 자금을 통해 자금을 마련할 예정입니다. 성공할 경우, 이 initiative는 현재 유통되고 있는 주식 수를 추가로 40% 줄일 수 있습니다. 회사는 이러한 조치가 암호화폐 투자 포트폴리오 전략에 대한 자신감과 블록체인 부문에서의 장기 성장에 대한 약속을 반영한다고 믿고 있습니다.
Unitronix Corp (OTC: UTRX) a annoncé un programme de rachat d'actions significatif et prévoit de réduire le nombre de ses actions autorisées, dans le but d'améliorer la valeur pour les actionnaires et de rationaliser sa stratégie d'entreprise. La société a autorisé le rachat de jusqu'à 100 000 000 d'actions de ses actions ordinaires en circulation jusqu'en 2024, avec 23 millions d'actions déjà rachetées et annulées. Unitronix prévoit également de réduire le nombre de ses actions autorisées de 75%, passant de 2 milliards à 500 millions.
Le rachat sera financé par des liquidités disponibles, des opérations et potentiellement par des financements accrescatifs. Si cette initiative réussit, elle pourrait réduire le nombre actuel d'actions en circulation de 40% supplémentaires. L'entreprise pense que ces actions reflètent la confiance en sa stratégie de portefeuille d'investissement en cryptomonnaies et son engagement pour une croissance à long terme dans le secteur de la blockchain.
Unitronix Corp (OTC: UTRX) hat ein bedeutendes Aktienrückkaufprogramm angekündigt und plant, die genehmigten Aktien zu reduzieren, um den Aktionärswert zu steigern und seine Unternehmensstrategie zu optimieren. Das Unternehmen hat den Rückkauf von bis zu 100.000.000 Aktien seiner ausstehenden Stammaktien bis 2024 genehmigt, wobei bereits 23 Millionen Aktien zurückgekauft und annulliert wurden. Unitronix plant auch, die genehmigten Aktien um bis zu 75% von 2 Milliarden auf 500 Millionen zu reduzieren.
Der Rückkauf wird durch verfügbare Mittel, Betrieb und potenziell werthaltige Finanzierung finanziert. Bei Erfolg könnte diese Initiative die aktuelle Anzahl der ausstehenden Aktien um weitere 40% reduzieren. Das Unternehmen ist der Ansicht, dass diese Maßnahmen Vertrauen in seine Strategie des Kryptowährungsinvestitionsportfolios und das Engagement für langfristiges Wachstum im Blockchain-Sektor widerspiegeln.
- Authorization to repurchase up to 100,000,000 shares of outstanding common stock
- 23 million shares already repurchased and canceled
- Potential 40% reduction in outstanding share count if buyback target is reached
- Planned reduction of authorized shares by up to 75% (from 2 billion to 500 million)
- Demonstrates management's confidence in the company's strategy and future prospects
- Buyback program may impact cash reserves and potentially limit funds for other investments
- Potential use of financing options for buyback could lead to increased debt
Unitronix Initiates Major Share Buyback to Lead Responsible Restructuring—Including Significant Reduction in Authorized Shares—to Boost Shareholder Confidence and Streamline Corporate Strategy
Share Buyback Initiative
In line with its ongoing restructuring efforts, Unitronix has launched a share buyback program, authorizing the repurchase of up to 100,000,000 shares of its outstanding common stock through the remainder of 2024. Management believes this initiative reflects their confidence in Unitronix's Cryptocurrency Investment Portfolio Strategy. Further, this action, along with a reduction of the Company's authorized shares, management is confident that investments into innovative projects, could potentially drive significant engagement and growth for the Company within the blockchain sector.
Unitronix has already initiated the share buyback program by repurchasing and canceling 23 million shares, marking a significant step in reducing the outstanding share count. The buyback will be funded through a combination of cash on hand, cash generated from operations, and potentially accretive financing options. If management successfully reaches the buyback target, the current outstanding share count could potentially be reduced by an additional
Stock repurchases under this initiative may be made from time to time through open market transactions, privately negotiated transactions, or other means in compliance with applicable securities laws. The timing and amount of repurchases will depend on market conditions, stock price, and other factors as deemed appropriate by management. The buyback program does not obligate Unitronix to acquire any specific number of shares and may be suspended or discontinued at any time without prior notice.
Reduction of Authorized Shares
Unitronix intends to reduce its authorized shares by as much as
"The commencement of our share buyback program, the reduction in authorized shares and the Crypto Investment Portfolio Strategy mark pivotal moments for Unitronix," said Kenneth J. Williams, Chief Executive Officer of Unitronix. "These actions reflect our confidence in the company's ongoing success and our commitment to returning value to our shareholders while pursuing innovative growth opportunities."
To learn more about Unitronix's strategic Portfolio investments and upcoming projects, follow us on X for real-time updates or visit us at www.unitronix.ai for further details.
About Unitronix Corporation
Unitronix Corp. (OTC: UTRX) is a forward-thinking company committed to creating value through strategic investments in the rapidly expanding cryptocurrency and blockchain ecosystem. The company focuses on capitalizing on opportunities in digital currencies, decentralized finance (DeFi), tokenization solutions, and other innovations shaping the future of finance.
For investor and general information, please email info@unitronix.ai.
Follow us on X for real-time updates.
Forward-Looking Statements:
Safe Harbor Statement - This press release may contain forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include the intent, belief, or expectations of the Company and its management regarding the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, with actual results potentially differing materially from those contemplated by such statements. Factors that could cause differences include, but are not limited to, failure to complete anticipated sales, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency, and profitability, adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units, or the market price of its common stock. Additional factors can be found on the Company's website. The Company disclaims any responsibility to update forward-looking statements except as required by law.
Contact Information
Kenneth J Williams
525 Route 73 North STE 104
+1 848-202-4899
info@unitronix.ai
https://www.unitronix.ai
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SOURCE Unitronix Corp.
FAQ
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