Forrest Hills, NY / June 25, 2024 / Fast Finance Pay Corp. (OTC PINK:FFPP) is pleased to announce that it has rearranged the Capital Structure with an effective date of June 24, 2024. The Company’s transfer agent has adjusted the Company’s records to reflect the rearrangement and has reported the new Shares number to OTC Markets’ issuer services division.
Rahul Mital, President of Fast Finance Pay Corp. stated, “Our decision to initiate this capital restructure is a strategic plan to improve the marketability of our stock, as we aim to attract a broader range of institutional and individual investors in support of our long-term growth strategy. We believe this benefits our current shareholders and makes the company more attractive to prospective investors.”
Details regarding the capital structure include:
- The terms of the Class E Preferred Stock has been modified to allow mandatory conversion at the Company's option with the filing of the Amendment to the terms of Section 3(g) of the Class E Terms of Preference on June 6, 2024; and that
- The change to the terms of the Class E Preferred were approved by majority consent of the controlling shareholders of both the Class E and the common stock.
- Fast Finance 24 AG, the holder of the Class D Convertible Preferred shares, has converted 80,000 Class D into 993,440,000 restricted common shares and surrendered to the treasury 15,973 Class D Preferred shares for cancellation. There are no further Class D Preferred shares outstanding.
- The conversion of most of the Class E Preferred (95.67%) shares took place on Monday, June 24, 2024, and reported to the market by the Transfer Agent before the open on June 25, 2024. The balance will be converted in the near future.
About Fast Finance Pay Corp.
Fast Finance Pay Corp. is a gateway provider and nascent FinTech, Fast Finance Pay Corp offers a flexible payment platform to assist e-merchants with their online ventures. It allows e-merchants to process all popular payment methods with just one partner, instead of installing a multitude of "payment plugins".
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For additional information, visit www.ff24pay-corp.com.
Forward-looking statements
This news release may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 (as amended) and section 21e of the Securities and Exchange Act of 1934 (as amended). Those statements include the intent, belief or current expectations of the Company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.
CONTACT:
Investor Relations
Andrew Barwicki
516-662-9461
andrew@barwicki.com