FAVO Capital Announces Conversion of Super Voting Series C Shares to Common Stock
FAVO Capital (OTC: FAVO), a private credit firm focused on merchant cash advances and revenue-based financing for SMBs, has announced the voluntary conversion of all its Super Voting Series C Preferred Shares into common stock. This strategic move aims to simplify the company's capital structure and better align voting rights with public market expectations.
The conversion eliminates all outstanding Series C Preferred stock with super voting rights, marking a significant step in FAVO's preparation for its planned Nasdaq Capital Market uplisting. CEO Vincent Napolitano emphasized that this decision demonstrates the company's commitment to transparency, governance, and best practices.
FAVO Capital (OTC: FAVO), una società di credito privato specializzata in anticipi su fatturato e finanziamenti basati sui ricavi per PMI, ha annunciato la conversione volontaria di tutte le sue azioni privilegiate Serie C con diritto di voto superale in azioni ordinarie. Questa mossa strategica mira a semplificare la struttura del capitale della società e ad allineare meglio i diritti di voto alle aspettative del mercato pubblico.
La conversione elimina tutte le azioni privilegiate Serie C con diritti di voto superali ancora in circolazione, rappresentando un passo importante nella preparazione di FAVO per la sua prevista quotazione sul Nasdaq Capital Market. Il CEO Vincent Napolitano ha sottolineato che questa decisione riflette l’impegno dell’azienda verso trasparenza, governance e migliori pratiche.
FAVO Capital (OTC: FAVO), una firma de crédito privado centrada en adelantos de efectivo para comerciantes y financiamiento basado en ingresos para pymes, ha anunciado la conversión voluntaria de todas sus Acciones Preferentes Serie C con Super Voto en acciones comunes. Esta estrategia busca simplificar la estructura de capital de la empresa y alinear mejor los derechos de voto con las expectativas del mercado público.
La conversión elimina todas las acciones preferentes Serie C con derechos de voto superados pendientes, marcando un paso significativo en la preparación de FAVO para su próxima inclusión en el Nasdaq Capital Market. El CEO Vincent Napolitano destacó que esta decisión demuestra el compromiso de la empresa con la transparencia, la gobernanza y las mejores prácticas.
FAVO Capital (OTC: FAVO)는 중소기업을 위한 상인 현금 선지급 및 매출 기반 금융에 집중하는 사모 신용 회사로, 모든 슈퍼 투표권이 부여된 C 시리즈 우선주를 보통주로 자발적으로 전환한다고 발표했습니다. 이 전략적 조치는 회사 자본 구조를 단순화하고 공공 시장의 기대에 맞게 투표권을 조정하는 데 목적이 있습니다.
이번 전환으로 슈퍼 투표권이 있는 C 시리즈 우선주가 모두 소멸되며, 이는 FAVO가 계획 중인 나스닥 캐피털 마켓 상장 준비에 중요한 진전입니다. CEO 빈센트 나폴리타노는 이 결정이 회사의 투명성, 거버넌스 및 모범 사례에 대한 의지를 보여준다고 강조했습니다.
FAVO Capital (OTC : FAVO), une société de crédit privé spécialisée dans les avances de fonds aux commerçants et le financement basé sur le chiffre d'affaires pour les PME, a annoncé la conversion volontaire de toutes ses actions privilégiées de série C à droits de vote superposés en actions ordinaires. Cette démarche stratégique vise à simplifier la structure du capital de l'entreprise et à mieux aligner les droits de vote avec les attentes des marchés publics.
Cette conversion supprime toutes les actions privilégiées de série C à droits de vote superposés en circulation, marquant une étape importante dans la préparation de FAVO à son introduction prévue sur le Nasdaq Capital Market. Le PDG Vincent Napolitano a souligné que cette décision reflète l'engagement de l'entreprise envers la transparence, la gouvernance et les meilleures pratiques.
FAVO Capital (OTC: FAVO), ein privates Kreditunternehmen, das sich auf Händler-Barkreditvorschüsse und umsatzbasierte Finanzierung für KMU spezialisiert hat, hat die freiwillige Umwandlung aller seiner Super Voting Series C Vorzugsaktien in Stammaktien angekündigt. Dieser strategische Schritt zielt darauf ab, die Kapitalstruktur des Unternehmens zu vereinfachen und die Stimmrechte besser an die Erwartungen des öffentlichen Marktes anzupassen.
Die Umwandlung beseitigt alle ausstehenden Series C Vorzugsaktien mit Superstimmrechten und stellt einen bedeutenden Schritt in der Vorbereitung von FAVO auf die geplante Notierung am Nasdaq Capital Market dar. CEO Vincent Napolitano betonte, dass diese Entscheidung das Engagement des Unternehmens für Transparenz, Governance und bewährte Praktiken unterstreicht.
- Elimination of super voting rights improves corporate governance structure
- Strategic preparation for planned Nasdaq uplisting
- Enhanced alignment with institutional investor expectations
- Improved transparency and simplified capital structure
- Potential dilution of existing shareholders due to conversion to common stock
FORT LAUDERDALE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- via IBN -- FAVO Capital, Inc. (OTC: FAVO), a publicly traded private credit firm specializing in merchant cash advances (MCAs) and revenue-based financing for underserved small and medium-sized businesses (SMBs), today announced the voluntary conversion of all outstanding Super Voting Series C Preferred Shares into common stock.
The corporate governance action simplifies the Company’s capital structure and aligns voting rights more closely with public market expectations. The move is a proactive step as the Company continues preparations for its planned uplisting to the Nasdaq Capital Market.
“Converting our Series C Super Voting Shares demonstrates our commitment to transparency, governance and best practices as well as long-term value creation,” said Vincent Napolitano, CEO of FAVO Capital. “It’s another important step forward as we align our structure with shareholder and institutional investor expectations.”
The conversion eliminates all outstanding Series C Preferred stock with its super voting rights, improving accessibility and aligning with broader market standards for public company governance.
About FAVO Capital, Inc.
FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has supported more than 10,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic.
For more information, visit www.favocapital.com and follow us on LinkedIn and X.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as "expects," "anticipates," "intends," "believes," "plans," "seeks," "estimates," "may," "will," "should," or similar expressions.
These statements are based on the company's current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company's ability to execute its business strategy.
Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.
Company Contact:
FAVO Capital, Inc.
4300 N University Drive
D-105
Lauderhill, FL 33351
Investor Relations:
Scott McGowan
InvestorBrandNetwork (IBN)
Phone: 310.299.1717
ir@favocapital.com
FAQ
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