Business
BRK Announces Further Action to Ensure Shareholder Value and Accretive Long-term Growth
BRK Announces Further Action to Ensure Shareholder Value and Accretive Long-term Growth.
About this update from Gen 2 Technologies Inc.
[{"type":"text","content":"\n\n\n\nBRK Announces Further Action to Ensure Shareholder Value and Accretive Long-term Growth\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBRK Announces Further Action to Ensure Shareholder Value and Accretive Long-term Growth\nPR Newswire\nHENDERSON, Nevada, June 19, 2020\n\n\n\nHENDERSON, Nevada, June 19, 2020 /PRNewswire/ BRK, Inc. (the \"Company\") (OTC: BRKK) wishes to inform its shareholders that as a result of positive developments, the previously announced $3.6m Tier 1 Regulation A offering is being eliminated effective immediately.\nDaniel Serruya, CEO of BRK Inc. stated:  \"Recent progress in executing our strategic plan along with the successful restructuring of our capital structure and establishment of our long-term strategic relationship with Intrepid Management has allowed us to move away from legacy arrangements that have become less advantageous to our shareholders. We view this development very favorably as underlining our commitment to stable and accretive growth moving forward.\"\nMr. Michael Kovacocy, Head of Corporate Development and Investor Relations, added: \"we are in discussions to replace our legacy offering with a superior offering that will better cater to a more institutionally orientated set of investors and will also allow us the flexibility to raise a smaller amount of capital on better terms if need be. We view this move as key to protecting shareholders against dilution and to balancing our portfolio of capital market access options going forward.\"\nBRK Inc. (OTC PINK: BRKK), established in 2008, BRK is the next generation in live-action broadcasting technology. We are a full-service provider geared to professional leagues and athletes, whether it be traditional sports, extreme sports or esports, and that will allow fans to watch them in action from  perspectives that do not exist today. Our niche is that we are a second screen content provider that does not pose a threat to first screen media but rather we provide the opportunity to pioneer complimentary content and campaigns. \nThe foregoing contains \"...