Business
Blackwell 3D Announces Imminent Filing of Form 10 & Cancellation of 25 Million Shares
Blackwell 3D Announces Imminent Filing of Form 10 & Cancellation of 25 Million Shares.
About this update from Blackwell 3d Construction Corp.
[{"type":"text","content":"\n DUBAI, UAE, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Blackwell 3D Construction Corp. (OTC: BDCC) (\"Blackwell 3D” or the \"Company\"), an innovative 3D house printing technology company, is pleased to announce that its previously disclosed plans to file a Form 10 Registration Statement with the Securities & Exchange Commission (SEC) are expected to come to fruition within the week. This significant step marks Blackwell 3D’s commitment to enhancing transparency, increasing shareholder confidence, and preparing for anticipated growth as a publicly traded company. The filing of Form 10 initiates the formal registration process, enabling BDCC to become a fully reporting entity under SEC regulations. With this anticipated filing, Blackwell 3D is taking a crucial step toward broadening access to institutional investors and the heightened level of transparency associated with fully reporting status is anticipated to build stronger investor trust and create new opportunities for strategic partnerships. “The Form 10 filing is a transformative step for Blackwell 3D Construction,” said Mohammedsaif Zaveri, CEO of Blackwell 3D. “By increasing our transparency and aligning with SEC reporting standards, we’re laying the foundation for sustainable growth and preparing to attract a wider base of investors and partners who share our vision for innovative, efficient, and sustainable construction.” In addition to the Form 10 filing, BDCC is pleased to announce the cancellation of 25 million shares of its common stock, effective today. This reduction in outstanding shares reflects BDCC’s commitment to improving shareholder value, with immediate potential benefits including an optimized capital structure. By consolidating our share structure, BDCC aims to deliver stronger returns for existing shareholders, reduce dilution risk, and enhance the attractiveness of the stock for long-term investors. “The decision to cancel 25 million shares demonstrates our commitment to maximizing shareholder value,” added Zaveri. “By reducing the number of outstanding shares, we’re able to reward our existing shareholders and create a stronger, more sustainable capital structure that positions us well for long-term growth.” For further information about Blackwell 3D, please visit www.blackwe...