Business
No Borders, Inc. (Ticker:NBDR) Drastically Lowers the Number of Shares Available in Its SEC Qualified RegA Offering
No Borders, Inc. (Ticker:NBDR) Drastically Lowers the Number of Shares Available in Its SEC Qualified RegA Offering.
About this update from No Borders, Inc.
[{"type":"text","content":"\n Phoenix, AZ, March 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- No Borders, Inc. (OTC:NBDR) today announced that the Company has amended its existing SEC Qualified RegA offering to dramatically reduce the number of authorized shares available from three hundred million (300,000,000) down to one hundred million (100,000,000) while increasing the offering price per share from one cent per share (0.01) to three cents per share (0.03) effective immediately. This amendment keeps the total amount of capital available to be raised by the Company at Three Million Dollars ($3,000,000) but massively reduces the total possible dilution of the common stock. Due to the national demand for medical equipment, No Borders, Inc. has seen an increased demand for both its MediDent Supplies products and its securities. The strong demand and volume of the Company’s NBDR stock has created powerful value for the Company and its shareholders over the past months and No Borders executives are thrilled to be positioned to remove two hundred million shares from this offering while maintaining the Company’s ability to access tranches of capital as the Company deploys resources to combat the COVID-19 pandemic around the globe. “If you take the time to watch the last three or four NBDR Shareholder Update Videos that are on our YouTube Channel you will see that we have stated over and over our commitment to NOT issuing 300 million new shares into the market. Our executive team and I are major common stock shareholders of NBDR and as such are just as sensitive to dilution as any shareholder in the Company. This amendment is another example of why we are #DifferentByDesign and clearly shows that the action steps we are taking are designed to improve shareholder value and minimize dilution while providing our businesses with the capital they need to deploy and scale,” said Joseph Snyder, CEO of No Borders, Inc.  No Borders, Inc. remains committed to minimizing the issuance of new shares while ensuring that our subsidiaries have the tactical capital flexibility to respond to demand and opportunities in real time. That commitment goes hand in hand with the need to maintain a balanced, liquid market for the Company’s securities. The Board of Directors of No Borders, Inc. has, since the initial filing of the RegA in...