Recreatives Industries (OTC: RECX) Reduces Authorized Common Shares by Over 50% to Strengthen Shareholder Value and Capital Structure

Core Viewpoint - Recreatives Industries, Inc. has approved a significant reduction in its authorized common shares from 1.45 billion to 700 million, reflecting a commitment to disciplined equity management and long-term shareholder value [1][2][7] Group 1: Share Reduction Details - The reduction represents a more than 50% decrease in the number of shares authorized for issuance [2][7] - This action is intended to minimize dilution and maintain a disciplined share structure that supports sustainable growth [3][7] Group 2: Management's Perspective - CEO Andrew Lapp emphasized that the reduction reflects confidence in the company's operational and financial trajectory [3] - The company aims to preserve flexibility for future strategic initiatives while demonstrating a commitment to prudent corporate governance and shareholder transparency [3][7] Group 3: Financial Position and Initiatives - The share reduction follows various initiatives to strengthen the company's financial position, including a $2 million dealer floor plan facility and a global payment system for vehicle and parts sales [4] - The company plans to diversify its product line, including larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery and drive motor technology [5]