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Recreatives Industries (OTC: RECX) Reduces Authorized Common Shares by Over 50% to Strengthen Shareholder Value and Capital Structure
Globenewswire· 2025-10-30 15:42
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]
Precipio Terminates Its ATM
Globenewswire· 2025-09-02 14:00
Core Viewpoint - Precipio, Inc. has terminated its At-The-Market (ATM) instrument with Alliance Global Partners, indicating a shift towards more responsible capital management and a stronger financial position [1][2]. Company Overview - Precipio is a healthcare biotechnology company focused on cancer diagnostics, aiming to address cancer misdiagnoses through innovative diagnostic products and services that enhance accuracy and improve patient outcomes [3]. Financial Position - The company has eliminated negative cash flow from operations and increased its cash balance, leading to the decision to terminate the ATM instrument as it no longer needs this tool for capital raises [2].