Business
Fernhill Corp Announces Updated Growth & Acquisition Plans And its Path to a Nasdaq Listing
Fernhill Corp Announces Updated Growth & Acquisition Plans And its Path to a Nasdaq Listing.
About this update from Fernhill Corp.
[{"type":"text","content":"Fernhill Corp. (OTC Pink: FERN) is pleased to provide this shareholder update and detailed action plan towards completing acquisitions, creating growth and achieving an uplisting to the Nasdaq stock exchange.First and foremost, the recent amended attorney letter that was filed was made to include and reference the recent quarterly financial report that the Company filed, which the previous attorney letter did not include. This was done at the request of OTC Markets Issuer Services. The Company’s search for acquisitions continues and we are in active negotiations with multiple companies right now that fit well with our targeted industries. Given this recent progress, we’re highly confident that we can move up our timeline and complete at least one acquisition by the end of July. However, please note that any such acquisition will be subject to completing due diligence, finalizing terms, obtaining financing and the completion of definitive agreements by both parties.“As part of most companies’ growth plans, making acquisitions and arranging financing is an integral part of creating that reality. Fernhill Corp is no different in that regard and we fully embrace the potential to leverage our public company position and the capital markets to achieve these objectives,” stated Chris Kern, the Company’s strategic advisor.The corporate actions Fernhill will be engaging in over the coming months include making acquisitions, raising capital, adding talented people to the team, engaging a PCAOB Auditor and becoming a registered company with the SEC. Given the great impact those events will have on our Company, we’ll also have to take care of the fundamental aspects to accommodate those growth objectives which includes the increase of the Company’s authorized common shares so that the proper capitalization is available to continue to build the Company. Every time the Company issues shares for an acquisition or financing, shareholder’s equity is increased, which is one of the requirements for uplisting to a senior stock exchange. Building shareholder’s equity is a primary fundamental objective of every company, especially public companies. In addition, we have no intentions of doing a reverse stock split at this time.A particular area of focus that is part of our core mission is to increase shareholder value and equity. There are...