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Metavesco Reduces Authorized Shares by 7.5 Billion
Prnewswire· 2025-12-01 11:58
Core Viewpoint - Metavesco, Inc. has approved a significant reduction in its authorized shares from 15 billion to 7.5 billion, reflecting a commitment to disciplined governance and long-term shareholder alignment [1][2][3]. Group 1: Share Reduction Details - The reduction in authorized shares is a response to the company's decision to abandon a large acquisition, making the previously authorized shares unnecessary [3]. - The company’s stock has increased over 100% since the last forward split, indicating positive market performance [3]. - The reduction will be filed with the State of Nevada and will be reflected in the company's corporate records [3]. Group 2: Strategic Direction and Developments - Metavesco is focused on the development of the OTCfi ecosystem and the upcoming launch of the ACCESS platform, which aims to enhance communication, data, and liquidity for OTC issuers [4]. - The CEO expressed confidence in the company's vision and commitment to protecting shareholder value through this share reduction [5]. - A presentation highlighting the OTCfi ACCESS opportunity suggests a potential valuation of $1.08 billion [5]. Group 3: Company Overview - Metavesco is a diversified holding company that manages assets across various sectors, including consumer packaged goods and staffing services, with a focus on long-term growth through strategic acquisitions and market solutions [7].