Labor Smart, Inc. (Kultura Brands) Retires 2.545 Billion Common Shares; Continues Progress Toward Full Preferred H Conversion and Clean Cap Table
Labor Smart (OTC:LTNC) announced the verified retirement of 2,545,539,256 common shares on November 6, 2025, confirmed by Empire Stock Transfer.
This retirement brings total shares retired over the past three weeks to approximately 3.875 billion. The company reports Preferred H shares outstanding fell from 61 to 30, representing about 3.0 billion common shares still eligible for future conversion. Management says the program follows a transparency policy where retirements are announced only after transfer-agent confirmation, and the stated goal is full Preferred H conversion and a simplified capitalization table.
Labor Smart (OTC:LTNC) ha annunciato la retirement verificata di 2.545.539.256 azioni ordinarie il 6 novembre 2025, confermata da Empire Stock Transfer.
Questo collocamento porta a circa 3,875 miliardi le azioni ritirate nelle ultime tre settimane. L'azienda riferisce che le azioni privilegiate H in circolazione sono diminuite da 61 a 30, rappresentando circa 3,0 miliardi di azioni comuni ancora idonee per future conversioni. La direzione afferma che il programma segue una politica di trasparenza secondo cui i ritiri vengono annunciati solo dopo la conferma dell'agente di trasferimento, e l'obiettivo dichiarato è la piena conversione delle azioni privilegiate H e una tabella di capitale semplificata.
Labor Smart (OTC:LTNC) anunció la jubilación verificada de 2.545.539.256 acciones comunes el 6 de noviembre de 2025, confirmada por Empire Stock Transfer.
Esta jubilación eleva el total de acciones retiradas durante las últimas tres semanas a aproximadamente 3.875 mil millones de acciones comunes. La empresa informa que las acciones preferentes H en circulación cayeron de 61 a 30, lo que representa aproximadamente 3,0 mil millones de acciones comunes aún elegibles para futuras conversiones. La gerencia afirma que el programa sigue una política de transparencia donde los retiros se anuncian solo después de la confirmación del agente de transferencia, y el objetivo declarado es la conversión total de las acciones preferentes H y una tabla de capitalización simplificada.
Labor Smart (OTC:LTNC)는 2025년 11월 6일 Empire Stock Transfer에 의해 확인된 일반 주식 2,545,539,256주의 검증된 은퇴를 발표했다.
이번 은퇴로 지난 3주간 총 은퇴 주식 수가 약 38억 7천5백만 주에 이른다. 회사는 우선주 H가 61주에서 30주로 감소했다고 보고하며, 이는 향후 전환 가능성이 있는 일반 주식 약 3.00억 주가 남아 있음을 나타낸다. 경영진은 이 프로그램이 투명성 정책을 따르며 양도대리인 확인 후에만 은퇴를 발표하고, 목표는 우선주 H의 전면 전환과 간소화된 자본 표를 달성하는 것이라고 말한다.
Labor Smart (OTC:LTNC) a annoncé le retrait vérifié de 2 545 539 256 actions ordinaires le 6 novembre 2025, confirmé par Empire Stock Transfer.
Ce retrait porte le total des actions retirées au cours des trois dernières semaines à environ 3,875 milliards. La société indique que les actions privilégiées H en circulation sont tombées de 61 à 30, représentant environ 3,0 milliards d’actions ordinaires encore éligibles à une conversion future. La direction indique que le programme suit une politique de transparence selon laquelle les retraits ne sont annoncés qu’après confirmation de l’agent de transfert, et l’objectif déclaré est la conversion complète des actions privilégiées H et une structure du capital simplifiée.
Labor Smart (OTC:LTNC) kündigte die verifizierte Abnahme von 2.545.539.256 Stammaktien am 6. November 2025 an, bestätigt durch Empire Stock Transfer.
Diese Abnahme erhöht die insgesamt in den letzten drei Wochen retirten Aktien auf ungefähr 3,875 Milliarden. Das Unternehmen meldet, dass bevorzugte H-Aktien (Preferred H) ausstehenden von 61 auf 30 gefallen sind, was etwa 3,0 Milliarden Stammaktien bedeutet, die sich weiterhin für eine zukünftige Umwandlung eignen. Das Management sagt, dass das Programm einer Transparenzpolitik folgt, bei der Abnahmen erst nach Bestätigung durch den Transfersagenten angekündigt werden, und das erklärte Ziel ist die vollständige Umwandlung der Preferred H-Aktien und eine vereinfachte Kapitalisierungstabelle.
Labor Smart (OTC:LTNC) أعلنت التقاعد الموثّق لـ 2,545,539,256 سهماً عاديًا في 6 نوفمبر 2025، مؤكدة من قبل Empire Stock Transfer.
هذا التقاعد يجعل إجمالي الأسهم المتقاعده خلال الأسابيع الثلاثة الماضية يقارب 3.875 مليار سهم عادي لا يزال مؤهلاً للتحويل المستقبلي. تقول الإدارة إن البرنامج يتبع سياسة الشفافية حيث يتم الإعلان عن التقاعدات فقط بعد تأكيد وكيل النقل، والهدف المعلن هو التحويل الكامل لـ Preferred H وتحويل هيكل رأس مال مبسط.
- 2,545,539,256 common shares retired on November 6, 2025
- ≈3.875 billion total shares retired in three weeks
- Preferred H reduced from 61 to 30 outstanding
- Retirements verified by Empire Stock Transfer under transparency policy
- About 3.0 billion common shares remain tied to 30 Preferred H convertible shares
- Preferred H class has not yet been fully eliminated
JACKSON, WY / ACCESS Newswire / November 6, 2025 / Labor Smart, Inc. (OTCID:LTNC), doing business as Kultura Brands, Inc., today announced the official retirement of 2,545,539,256 (2.545 billion) common shares of its stock, as verified by Empire Stock Transfer through the company's Transaction Report. This latest verified retirement brings the company's total shares retired over the past three weeks to approximately 3.875 billion, marking a significant milestone in Kultura Brands' ongoing share reduction and capital structure reform initiative.
Continued Execution and Accountability
When the company began its share reform process, there were 61 Preferred H shares outstanding, representing the potential conversion of approximately 6.1 billion common shares. As of today, only 30 Preferred H shares remain, representing about 3.0 billion common shares still eligible for future conversion and cancellation. "This is tangible progress that shareholders can see and verify," said Brad Wyatt, Chief Executive Officer. "In just three weeks, we've retired nearly four billion shares from our books and reduced the Preferred H class by more than half. My goal remains the same - to convert and retire all remaining Preferred H shares and deliver a clean, transparent capitalization table that's easy to understand and holds the company accountable."
Building on a Verified Reform Strategy
Kultura Brands' share reduction plan continues under its post-completion transparency policy, first adopted in October. Under this approach, all share retirements are announced only after they are fully executed and confirmed by the company's transfer agent. "We've learned from the past," Wyatt added. "Each time we communicate, it's backed by documentation - not promises. This discipline is what defines the new Kultura. As we move forward, expect more updates like this one: verified, completed, and measurable."
Next Steps: Toward a Clean Cap Table
As the company continues its conversion and cancellation process, the focus remains on fully eliminating the Preferred H class, consolidating outstanding shares, and simplifying ownership transparency for investors. "Our end goal is clear," said Wyatt. "A straightforward, verifiable capitalization table that shows real shareholder value, unclouded by legacy structures or overhang. We're getting there, step by step - and we're doing it right."
About Kultura Brands, Inc.
Kultura Brands Inc. is a Wyoming-based public company (OTCID:LTNC) focused on identifying, building, and scaling culture-driven brands. With a foundation rooted in operational discipline and services, our refreshed strategy moves us into brand acquisition, development, and community-led growth, aimed at creating long-term value for consumers and shareholders alike.
Forward-Looking Statements
This press release includes statements regarding the Company's intentions and strategic direction. Although the Company has taken steps as described, many of the matters referenced (including the timing of share retirement and the dependence on individuals to complete their part of the process) are subject to risks and uncertainties. There can be no assurance that requests will be approved in the timeline or manner described. The Company assumes no obligation to update or revise any statements in this release, except as required by law. This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with OTC Markets. These and other factors may cause our actual results to differ materially from any forward-looking statement. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Contact:
Labor Smart, Inc. (doing business as Kultura Brands, Inc.)
Jackson, Wyoming
info@laborsmartinc.com
www.laborsmartinc.com
SOURCE: Labor Smart, Inc.
View the original press release on ACCESS Newswire
FAQ
How many common shares did Labor Smart (LTNC) retire on November 6, 2025?
How many shares has LTNC retired in total during the past three weeks?
How many Preferred H shares remain outstanding for LTNC and what do they represent?
Who verified Labor Smart's November 6, 2025 share retirement for LTNC?
What is LTNC's stated next step after the November 6, 2025 retirement?
Will LTNC announce future retirements before or after completion?
