Business
Bemax Inc. Announces Updates on Special Dividend Distribution
Dallas, Georgia--(Newsfile Corp. - April 3, 2025) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable household and private label technology products, is pleased to announce today that it has extended the distribution date for the declared special dividend of Bemax Series A Convertible Preferred Stock, in which every common stock shareholder shall receive the corporation's convertible Series A Preferred Stock value, which is 10% of the ...
About this update from Bemax Inc.
[{"type":"text","content":"Dallas, Georgia--(Newsfile Corp. - April 3, 2025) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable household and private label technology products, is pleased to announce today that it has extended the distribution date for the declared special dividend of Bemax Series A Convertible Preferred Stock, in which every common stock shareholder shall receive the corporation's convertible Series A Preferred Stock value, which is 10% of the total common shares owned of the corporation common stock.","length":544,"tagName":"p"},{"type":"text","content":"The dividend payable date is now extended till June 30, 2025, to stockholders of record at the close of business on March 28, 2025. This is to allow for adequate time to complete the corporate action processing with FINRA. Meanwhile, all common shareholders as of March 28, 2025, can now contact Bemax directly for additional details on the stock dividend distribution.","length":369,"tagName":"p"},{"type":"text","content":"Each Bemax Series A Preferred Stock can convert into thirty (30) common stock beginning on the first day following the 180-day anniversary of issuance, and the common stock becomes tradable after the mandatory regulatory holding period. In the event the Board of Directors declares a dividend on the common stock, holders of the Series A Preferred Stock will be entitled to receive an equivalent dividend as if the Series A Preferred Stock had been converted into common stock prior to the declaration of such dividend.","length":519,"tagName":"p"},{"type":"text","content":"Regarding the dividend, Taiwo Aimasiko, Bemax CEO, commented, "We are committed to rewarding our passionate and supportive shareholders with a dividend of Bemax Series A Convertible Preferred Stock."","length":209,"tagName":"p"},{"type":"text","content":"Bemax CEO, Taiwo Aimasiko, concluded, "As previously stated, this Preferred Stock dividend has tremendous potential to create meaningful value for Bemax and for our mid- to long-term shareholders."","length":207,"tagName":"p"},{"type":"text","content":"Investors should note shares purchased on or after the ex-dividend date (March 31, 2025) will no longer be entitled to the dividend.","length":132,"tagName":"p"},{"type":"text","content":"For additional information about the Bemax Series A Co...