Business
Nitches Corporation Will Retire Approximately 80 Percent of its Outstanding Shares
Nitches Corporation Will Retire Approximately 80 Percent of its Outstanding Shares.
About this update from Nitches, Inc.
[{"type":"text","content":"\n\n\n\nNitches Corporation Will Retire Approximately 80 Percent of its Outstanding Shares\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\nNitches Corporation Will Retire Approximately 80 Percent of its Outstanding Shares\nPR Newswire\nLAS VEGAS, March 31, 2022\n\n\n\nLAS VEGAS, March 31, 2022 /PRNewswire/ -- Nitches Inc., (NICH) (the \"company\") which blends high-tech with high-end fashion to create exclusive clothing lines and NFTs, today announced 189,000,000 of common shares are in the process of being returned and cancelled, which reduces the company's outstanding common shares to 39,659,644 from 229,659,644. Nitches reached an agreement with two shareholders that will result in the retirement of around 80 percent of its common shares.\n\"Nitches continues to diligently protect the value of our common stock for shareholders,\" said John Morgan, Nitches CEO. \"Our company takes great pride in being an excellent corporate citizen and conducting ourselves with exemplary integrity and ethics in our business and relations with all stakeholders.\"\nNitches is also negotiating to reduce some of the company's debt to a more standard note of a 50 percent discount to market. Nitches has created two luxury capsule collections with Nick Cooper, superstar vocal coach from American Idol, and John Lewis, the \"BadAss Vegan\" influencer and filmmaker. The iconic streetwear clothing lines feature a limited number of hoodies, hats and more. Nitches works one-on-one with celebrities from design concept through final manufacturing to deliver high-quality items that reflect the personalities' unique brands. The celebrities help market the products to their fanbases via their social media sites.\nAbout Nitches CorporationNitches is a diversified technology and exclusive clothing company that blends high-tech with high-end  fashion to design luxury clothing items and NFTs. We specialize in creating limited-edition athleisure and streetwear apparel and accessories that are sustainable, authentic and exclusive. We collaborate with fashion-forward influencers and celebrities to cr...