Business
Cancellation of Common Stock and Lowering of Authorized Completed
Cancellation of Common Stock and Lowering of Authorized Completed.
About this update from A1 Group, Inc.
[{"type":"text","content":"A1 Group, Inc. (the “Company” or “AWON”) would like to announce that a significant block of Common Stock was cancelled to treasury on Friday, May 12, 2023 and the Company has lowered its authorized Common Stock.The Company has been notified by its transfer agent that a former control shareholder of the Company has fully processed the cancellation to treasury of 51,470,460 shares of Common Stock and 5,000,000 shares of Series “A” Preferred Stock (“Cancellation”). This Cancellation has lowered the shares of Common Stock issued and outstanding from 412,226,498 to 360,756,038, a 12.47% reduction. Additionally, the Company cancelled to treasury 5,000,000 shares of Series “A” Common Stock.The Company has filed the necessary documents with the Nevada Secretary of State, Corporations Division amending its Articles of Incorporation to lower the authorized Common Stock to 375,000,000 shares of Common Stock, a 50% reduction. The Company has requested its transfer agent to update its landing page at OTC Markets, Inc. (“OTC Markets”) of the lowering of the Common Stock as soon as it is processed by the NVSOS this week. Again, this transaction cancelling equity stock to treasury was consummated with one goal in mind, to maximize shareholder value.Disclaimer Regarding Forward Looking Statements Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions. Although we make such statements based on assumptions th...