Branded
Legacy, Inc. ($BLEG) Announces Reduction in Authorized Share Count
to 900M
In a strategic move to align with its capital structure and
business objectives, Branded Legacy, Inc. reduces its authorized
share count by 600 million.
Melbourne, FL -- January 23, 2024 -- InvestorsHub NewsWire
-- Branded
Legacy Inc., (OTC.PK:
BLEG),
a holdings corporation invested in biotechnical research, has
officially announced a significant reduction in its authorized
share count from 1.5 billion to 900 million in common shares. This
decision, made by the Board of Directors, reflects the company's
commitment to aligning its capital structure with its current and
anticipated business objectives.
The resolution, which passed on January 9th, 2024 and took effect
on January 22nd, is seen as a strategic move to streamline the
company's share structure making it more attractive and manageable
for current and potential investors. The reduction is expected to
enhance shareholder value and reflects the company's confidence in
its future growth and profitability.
"This decision reflects our commitment to prudent financial
management and a focus on creating sustainable value for our
shareholders. By streamlining our share structure, we believe we
are better positioned to capitalize on future opportunities, drive
innovation, and deliver strong returns," said David Oswald,
CEO.
The company has taken all necessary steps to effectuate this
reduction, including filing the necessary documents with regulatory
authorities, amending the company's articles of incorporation, and
updating corporate records. This change is also reflected in the
company's stock ledger.
This resolution is part of Branded Legacy Inc.'s ongoing efforts to
enhance corporate governance and operational efficiency. The
company remains focused on its mission to deliver innovative
solutions and drive value for its stakeholders.
In addition, Branded Legacy has released the following letter from
CEO David Oswald:
In 2024,
Branded Legacy, Inc.
will blaze a new path toward growth and success. The past year saw
many changes within this organization, including an entirely new
management team. During this time we modified our share structure
by retiring 2.4 billion common shares, and reduced our authorized
share count by 1.5 billion. Our team initiated a name change
to
Royal Enterprises Inc,
which we expect to take effect early in the new year. We spent the
last half of 2023 reorganizing, and positioning ourselves to
generate revenue with significant profit margins. Now, at the
beginning of the first quarter, we see the results of our efforts
paying off.
To continue reading:
Branded Legacy letter from CEO.
About Branded Legacy Inc.
Branded Legacy Inc. (OTC.PK:BLEG)
is a forward-thinking holdings biotechnology company dedicated to
driving innovation in plant-derived medicines and biotechnological
breakthroughs. The company's strategic partnerships and milestone
achievements highlight its dedication to transforming patient care
and contributing to the advancement of healthcare
solutions.
To view the original version on Branded Legacy Inc.'s website,
visit
Branded Legacy's News.
Investor Relations & Media Contact
Joe Holladay
Branded Legacy
Phone: 321-345-3565
Email:
info@brandedlegacy.com
Website:
https://brandedlegacy.com/
Safe Harbor Statement on Forward-Looking Language:
This release includes forward-looking statements, which are based
on certain assumptions and reflect management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to
whether our strategies and business plans will yield the expected
benefits; increasing competition; availability and cost of
capital; the ability to identify and develop and achieve commercial
success; the level of expenditures necessary to maintain and
improve the quality of services; changes in the economy; changes in
laws and regulations, includes codes and standards, intellectual
property rights, and tax matters; or other matters not anticipated;
our ability to secure and maintain strategic relationships and
distribution agreements. Dilution, if any, would be for the
purposes of management taking stock in lieu of cash salary. The
company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. Additionally, this press
release that is not statements of historical fact may be considered
to be forward-looking statements. Written words such as "may,"
"will," "expect," "believe," "anticipate," "estimate," "intends,"
"goal," "objective," "seek," "attempt," or variations of these or
similar words, identify forward-looking statements. By their
nature, forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future.
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