KYN Capital Group, Inc. Retires 400 Million Free Trading Unrestricted Common Shares to Company Treasury
KYN Capital Group, Inc. (OTC: KYNC) announced the retirement of 400 million unrestricted shares to the company treasury, expected to be reflected by OTC Markets shortly. The share reduction, initiated on May 21, 2021, is a significant move for KYNC, enhancing shareholder value. Additionally, the company has submitted financial disclosures through March 31, 2021, and aims to resolve its Yield Sign status soon. CEO Rick Wilson expressed excitement about these developments and the commitment to updating shareholders on business growth.
- Retirement of 400 million unrestricted shares enhances shareholder value.
- Expected improvement of OTC Markets status following share reduction.
- Submission of financial disclosures indicates transparency and commitment.
- None.
Insights
Analyzing...
Las Vegas, NV, May 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- KYN Capital Group, Inc. (OTC: KYNC), is pleased to announce the retirement of 400 million unrestricted shares to the company treasury. The instructions to retire the shares to the company treasury were sent to the transfer agent on Friday May 21st. This share reduction expects to be completed at the company transfer agent this week. We expect OTC Markets will reflect the change in the near term.
The company has uploaded their financial and disclosure statements through March 31st, 2021 and has been moved to a Yield Sign. We expect to be current on OTC Markets very soon.
“We are very excited to be in the final steps to getting current on OTC. A third-party entity agreed to retire the 400 million unrestricted shares. The ability to retire 400 million free trading shares from the company float is a great step for KYNC. We are looking forward to updating our shareholders regarding our business development at KYNC very soon,” stated Rick Wilson, CEO of KYNC.
Follow KYN Capital Group, Inc. on Twitter @https://twitter.com/kyncap
About KYN Capital Group, Inc.
KYN Capital Group, Inc. (OTC: KYNC) is a Nevada Corporation. The company has been re-positioned to be a holding company for acquisitions and development in the entertainment, blockchain, cryptocurrency, NFT (Non-Fungible Token) and touchless payment markets. The goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace.
Safe Harbor Statement
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact:
KYN Capital Group, Inc.
info@kyncap.com
FAQ
What recent announcement did KYN Capital Group (KYNC) make regarding shares?
When was the share retirement for KYNC initiated?
How will the share retirement affect KYNC's stock?
What are the financial disclosure updates for KYN Capital Group?
What does the future hold for KYNC's OTC Markets status?
