Business
VAYK Confirms No Dilution Following Recent Acquisition and 11 Million Insider Purchase
Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") confirmed today that the company's common shares will not experience any dilution upon the closing of its recent acquisition of a $1 million company.
About this update from Vaycaychella Inc.
[{"type":"text","content":"ATLANTA, Feb. 18, 2025 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") confirmed today that the company's common shares will not experience any dilution upon the closing of its recent acquisition of a $1 million company.","length":247,"tagName":"p"},{"type":"text","content":"1. No Dilution Until 24 Months Later & Above $0.005 PPS","length":59,"tagName":"p"},{"type":"text","content":""We completed this no-cash acquisition by issuing to the seller preferred shares with a total face value of $500,000," explained Stephanie Anderl, interim CEO of VAYK. "These preferred shares are non-tradable. They can only be converted after 24 months or when our stocks are stably traded above $0.005 per share."","length":334,"tagName":"p"},{"type":"text","content":"Even when those shares become eligible for conversion, the conversion will be conducted at a fixed price of $0.005 per share. Therefore, any shareholder who has purchased or will purchase VAYK stocks below the price of $0.005 will experience no dilution, and will instead enjoy a premium.","length":288,"tagName":"p"},{"type":"text","content":""Our common stocks closed at $0.0008 per share yesterday, which is 1/40 of these preferred shares' conversion price. In other words, the conversion price is 40 times higher than our current share price," said Anderl.","length":230,"tagName":"p"},{"type":"text","content":"2. No Free-tradable Shares issued for Almost 3 Years ","length":52,"tagName":"p"},{"type":"text","content":"In fact, VAYK has not issued any free-tradable shares since May 2022, which is almost 3 years ago. The company has only delivered two issuances of restricted shares since then. These include approximately 43 million restricted shares issued at a price of $0.0073, which is 90 times higher than the current share price. The other issuance is 20 million restricted shares issued at a price of $0.0008, but those shares are not eligible for trading until July 2026.","length":462,"tagName":"p"},{"type":"text","content":"Anderl emphasized that the company is committed to not issuing any free-tradable shares until its share price rebounds to a "reasonable level".","length":153,"tagName":"p"},{"type":"text","content":""We understand that people will have different opinions on what a reasonable level should be,...