Business
Golden Grail Beverages Lowers Authorized Common Stock
Golden Grail Beverages Lowers Authorized Common Stock.
About this update from Golden Grail Technology Corp
[{"type":"text","content":"\n\n\n\nGolden Grail Beverages Lowers Authorized Common Stock\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nGolden Grail Beverages Lowers Authorized Common Stock\nPR Newswire\nFT. LAUDERDALE, Fla., Aug. 29, 2024\n\n\n\nFT. LAUDERDALE, Fla., Aug. 29, 2024 /PRNewswire/ -- Golden Grail Beverages Corp. (OTC: GOGY – hereinafter referred to as the \"Company\"), a leader in the beverage industry known for its innovative and sustainable products, has will be amending its articles of incorporation to lower its authorized Common Stock from 5,000,000,000 shares to 500,000,000 shares. \n\nMr. Scott Lomu (Interim CEO of the Company), states… \"This amendment to our articles of incorporation, which will lower our authorized common stock from 5,000,000,000 to 500,000,000 shares of Common Stock, is part of a plan to restructure our corporate capitalization which will benefit current shareholders. This is a 90% decrease in our authorized shares of Common Stock. It is being done to make our capital structure to be more in line with our planned acquisition schedule, and put in place an anti-dilutive, pro-market investor common stock structure. Moving forward, all proposed material equity related transactions will be viewed first and foremost through the lens of the maximization of shareholder value.\n\"Once the authorized Common Stock is lowered, the Company has agreed not to not conduct an increase in the amount of authorized Common Stock of the Company for a minimum period of two calendar years. The primary goal of lowering our authorized common stock is to let our market shareholders know that we have no intention of diluting their respective holdings except with regards to material acquisitions. This capital change will leave enough common stock unissued to allow for our planned acquisitions that are now being negotiated. As we grow through acquisition, we want the public to know that we have one goal, to maximize shareholder value.\"\nDisclaimer Regarding Forward Looking Statements \nCertain statements that we make may con...