Business
Lelantos Holdings Expands Stock Offerings with Filing of Tier 1 Regulation A Statement and Employee Stock Ownership Program
Lelantos Holdings Expands Stock Offerings with Filing of Tier 1 Regulation A Statement and Employee Stock Ownership Program.
About this update from Lelantos Holdings Inc.
[{"type":"text","content":"\n SCOTTSDALE, Ariz., March 26, 2024 (GLOBE NEWSWIRE) -- via IBN -- Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”), has successfully expanded its stock offering through the filing of a Tier 1 Registration A Offering Statement (Reg. A) and an Employee Stock Ownership Program (ESOP). Collectively, the two programs will open up the Company’s current float and trading pool with up to 160,000,000 free trading shares. The Reg. A can potentially provide new investment funds into the company to support operations and expansion efforts, and the ESOP allows Lelantos to provide key employees, consultants, and advisors additional benefits within the public company for substantive efforts that advance the goals and growth of the entity. CEO Nathan Puente states, “The Registration A Offering Statement and ESOP provide our company with powerful tools to garner investment and leverage benefits, respectively, for the people, groups, and partnering entities who are pushing the expansion of our business. We look forward to opening up the unrestricted Reg. A shares to our existing shareholder base as well as newly interested parties to help us further achieve our 2024 goals.” What is a Registration A Statement?SEC Form 1-A, also known as a Registration A Offering, is a filing with the Securities and Exchange Commission (SEC) by entities seeking exemption for registration requirements for certain public offerings. The exemption allows securities issued through the registration to be unrestricted and freely tradeable upon purchase. Securities issued in reliance upon Regulation A provisions must provide investors with an offering statement that meets the requirements of Form 1-A. The form is also known as the \"Regulation A Offering Statement\" under the Securities Exchange Act of 1933. Lelantos has successfully filed both Form 1-A and the Regulation A Offering Statement and is authorized to issue securities through the registration. KEY TAKEAWAYS SEC Form 1-A is a filing with the Securities and Exchange Commission by entities seeking exemption for registration requirements for certain public offerings under Regulation A.Regulation A waives registration requirements for any public offering of securities of $75 million or less within a 12-month period, and it's divided into two tiers.Lel...