GivBux, Inc. Approves a Special Dividend for Its Loyal Shareholders

Rhea-AI Summary

GivBux, Inc. (OTC: GBUX) has announced that its Board of Directors approved a special dividend for shareholders in the form of warrants. The company will issue a 1-for-10 warrant to all shareholders of record, allowing them to purchase additional shares of GivBux common stock at a price to be determined later.

This special dividend aims to reward loyal shareholders while offering them an opportunity to participate in the company's future growth. Umesh Tim Singh, President of GivBux, stated that this dividend reflects appreciation for shareholders' support and confidence in the company's long-term vision.

Details regarding the pricing and exercise period of the warrants will be announced once finalized. The company encourages shareholders to monitor future communications for updates as GivBux continues to scale its Super App platform and expand globally.

Positive

• Special dividend rewards loyal shareholders
• 1-for-10 warrant provides opportunity for shareholders to increase their stake
• Indicates management confidence in future growth
• Aligns with company's global expansion plans

Negative

• Pricing and exercise period of warrants not yet determined
• Potential dilution of existing shares when warrants are exercised
• No immediate cash benefit to shareholders
• Uncertainty around the final terms of the warrant offering

 Newport Beach, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX) ("GivBux" or the Company"), a publicly traded Super App and charitable giving platform, today announced that its Board of Directors has approved a special dividend for shareholders in the form of warrants. The Company has authorized the issuance of a 1-for-10 warrant to all shareholders of record, allowing them to purchase additional shares of GivBux common stock at a price to be determined at a later date.

The special dividend underscores GivBux's commitment to rewarding its loyal shareholders while providing an opportunity to participate in the Company's future growth.

"This special dividend reflects our appreciation for our shareholders' ongoing support and confidence in GivBux's long-term vision," said Umesh Tim Singh, President of GivBux, Inc. "As we continue to scale our Super App platform and expand globally, we want our shareholders to benefit from the value we are building."

Once finalized, details regarding the pricing and exercise period of the warrants will be announced. Shareholders are encouraged to monitor future communications for updates.

About GivBux, Inc.

The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back."

The GivBux Super App is free to use and available now on the Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App constantly evolves and adds new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation.

GivBux is forging a new path in e-commerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit https://givbux.com.

This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact:
Umesh Singh, President
Email: ir@Givbux.com
www.GivBux.com
Instagram: https://www.instagram.com/givbux/
X (formerly Twitter): https://twitter.com/givbux

FAQ

What type of special dividend is GivBux (GBUX) offering to shareholders?

GivBux is offering a special dividend in the form of warrants, specifically a 1-for-10 warrant to all shareholders of record, allowing them to purchase additional shares at a price to be determined later.

When will GBUX announce the pricing details for the warrant dividend?

GivBux will announce the pricing and exercise period of the warrants once finalized. Shareholders are encouraged to monitor future communications for updates.

Who is eligible to receive the GBUX warrant dividend announced on February 25, 2025?

All shareholders of record of GivBux (GBUX) will be eligible to receive the 1-for-10 warrant special dividend.

What is the purpose of GivBux (GBUX) issuing this warrant dividend?

The purpose is to reward loyal shareholders while providing them an opportunity to participate in the company's future growth as GivBux scales its Super App platform and expands globally.

How many additional GBUX shares can shareholders purchase with the special dividend warrants?

The special dividend provides a 1-for-10 warrant, meaning shareholders will receive one warrant for every ten shares they own, with each warrant allowing the purchase of additional GivBux shares at a price to be determined.