Recreatives Industries Reduces Authorized Common Shares
Recreatives Industries, Inc. (OTC: RECX) has announced a reduction of its authorized common shares from 1,450,000,000 to 700,000,000, effective immediately.
This move represents a more than 50% reduction in the number of shares authorized for issuance, underscoring the Company's commitment to responsible capital management and long-term shareholder value.
"The reduction in authorized shares reflects our confidence in Recreatives' operational and financial trajectory," said Andrew Lapp, CEO of Recreatives Industries.
According to Lapp, the goal is to maintain a disciplined share structure that supports sustainable growth, minimizes unnecessary dilution, and strengthens the alignment between management and shareholders.
- Authorized common shares reduced from 1,450,000,000 to 700,000,000
- More than 50% reduction in authorized shares
- Aims to support sustainable growth and strengthen shareholder value
Author's summary: Recreatives Industries reduces authorized shares by over 50% to strengthen shareholder value.
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