Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange
Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange
Company Takes Steps to Uplist to NASDAQ or a National Exchange
公司正在采取措施,提升至纳斯达克或国家交易所
PARSIPPANY, New Jersey, June 27, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink: GTLL) (the "Company"), is pleased to announce that it has entered into a Share Exchange Agreement to increase the Company's shareholder equity.
2024年6月27日,新泽西州帕西帕尼,环球科技有限公司 (OTC Pink: GTLL) ("公司") 非常高兴地宣布,已经签署了一份股份交换协议,以增加公司的股东权益。
On June 25, 2024, the Company filed a designation for a new series of preferred stock, titled Series N Preferred Stock ("Series N"), with the Secretary of State of the State of Delaware. The Holders of the Series N shall vote together with the outstanding shares of Class A Common Stock and have a fixed conversion price of $.50 per share.
2024年6月25日,公司向特拉华州州务卿登记了一系列新的优先股,命名为N系列优先股 ("N系列" )。N系列的持有人应与A类普通股的流通股一起投票,每股有固定的转换价格为0.50美元。
On June 26, 2024, the Company entered into a Share Exchange Agreement (the "Agreement") with each of the Holders of the Company's Series L Preferred Stock (the "Series L"). As of the date of the Agreement, there were a total of 339 shares of Series L outstanding. As per the terms of the Agreement, shares of Series L were exchanged for shares of the newly designated Series N. A total of 1,864,500 shares of Series N were issued. All outstanding shares of Series L were retired.
2024年6月26日,公司与公司的L系列优先股 ("L系列") 每个持有人签署了一份股份交换协议 ("协议")。协议签署之日,L系列股份总共为339股。根据协议的条款,L系列股票的股份被交换为新指定的N系列股票的股份。一共发行了1,864,500股N系列股票。L系列股份全部被注销。
The exchange of outstanding Series L shares for Series N shares increases the Company's shareholder equity by approximately $1.8 million.
优先股L系列换N系列的交易增加了公司股东权益约180万美元。
"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."
"在过去的12个月中,我们通过扩大营运并随后提高收入,减少债务等措施,采取了措施增加股东权益。"环球科技有限公司首席执行官弗雷德里克·卡切尔说道:"我们非常兴奋,继续向我们的目标——上市纳斯达克或国家交易所迈进。"
Further details on the Company's Series N Preferred Stock and the Share Exchange Agreement can be found within the Company's Current Report on Form 8-K on the Securities and Exchange Commission's website at www.sec.gov or on the Company's website at
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有关公司的N系列优先股和股份交换协议的进一步细节,请参见证券交易委员会网站上公司的最新8-K表格。www.sec.govhttps://www.americanstrategicinvestment.com
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About Global Technologies, Ltd.:
关于Global Technologies Ltd.:
Global Technologies, Ltd, based in Parsippany, NJ, is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders. For further information, please visit the Company's website at .
总部位于新泽西州帕西帕尼的环球技术有限公司(Global Technologies, Ltd)是一家多元化的运营公司,强烈愿意通过先进、可扩展的解决方案推动科技和服务行业的革新和可持续性增长,为企业和社区赋能,增强连接性、效率和环保。该公司预见到一个未来,科技无缝融入到生活的每个方面,提高生活质量和地球的健康。我们的愿景是通过开创性的创新、客户体验和企业责任倡议来引领我们服务的行业,从而为所有利益相关者创造持久的价值。有关详细信息,请访问公司的网站。
Forward-Looking Statements and Disclaimer
Michael Boyd
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
本新闻稿中包含表达公司或管理层意图、计划、信念、期望或预测未来事件的前瞻性声明。"相信"、"期望"、"打算"、"估计"、"预测"、"将"和类似表达都旨在进一步确定这些前瞻性声明,虽然并非所有前瞻性声明都包含这些确定性语言。这些声明基于许多假设,并受许多已知和未知的风险、不确定性和其他因素的影响,这些风险、不确定性和其他因素可能会导致公司的实际活动、结果或表现与预期或预测的前瞻性声明有所不同。公司无法保证未来的财务结果,活动水平、表现或成就,投资者不应过于依赖公司的前瞻性声明。本新闻稿中包含的任何信息都不应被解释为对公司未来财务表现、未来收入或其未来股票价格的任何指示。此前瞻性声明代表公司在本新闻稿发布日期的判断,公司明确否认任何意图、义务或承诺更新或修订此类前瞻性声明,以反映公司对此类声明所基于的任何变化的期望或事件、条件或情况的任何变化。本新闻稿中的任何信息都不应被解释为对公司未来收入或运营结果的任何指示。
Contact:
联系方式:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
Global Technologies Ltd
(973) 233-5151
info@globaltechnologiesltd.info