Labor Smart, Inc. (OTCID:LTNC) Retires 717 Million Common Shares and 20 Preferred H Shares
Labor Smart (OTCID:LTNC) has executed one of its largest share retirements, retiring 717 million common shares and 20 Preferred H shares to treasury. The company has also consolidated and eliminated over $2.3 million in legacy obligations into a single convertible note.
The retirement of 20 Preferred H shares, equivalent to approximately 2 billion common shares (10% of outstanding share count), permanently removes a significant source of potential dilution. CEO Brad Wyatt emphasized that no C-level officers or Board members have sold LTNC shares since July's Adios announcement, refuting social media claims of leadership using the stock as an 'ATM'.
This initiative is part of LTNC's broader share structure reform aimed at reducing dilution, improving capital structure, and creating long-term shareholder value.
Labor Smart (OTCID:LTNC) ha eseguito una delle sue più grandi cancellazioni di azioni, ritirando 717 milioni di azioni ordinarie e 20 azioni Preferred H in tesoreria. La società ha inoltre consolidato ed eliminato oltre $2,3 milioni di obbligazioni pregresse in un unico titolo convertibile.
Il ritiro delle 20 azioni Preferred H, equivalente a circa 2 miliardi di azioni ordinarie (10% del capitale sociale in circolazione), elimina in modo permanente una fonte significativa di potenziale diluizione. L'amministratore delegato Brad Wyatt ha sottolineato che né dirigenti C-level né membri del Consiglio hanno venduto azioni LTNC dall'annuncio di luglio "Adios", smentendo le affermazioni sui social secondo cui la leadership avrebbe usato il titolo come un 'bancomat'.
Questa iniziativa fa parte della più ampia riforma della struttura azionaria di LTNC volta a ridurre la diluizione, migliorare la struttura del capitale e creare valore a lungo termine per gli azionisti.
Labor Smart (OTCID:LTNC) ha realizado una de sus mayores retiradas de acciones, retirando 717 millones de acciones ordinarias y 20 acciones Preferred H a tesorería. La compañía también ha consolidado y eliminado más de $2.3 millones en obligaciones antiguas en un único pagaré convertible.
La retirada de las 20 acciones Preferred H, equivalente a aproximadamente 2.000 millones de acciones ordinarias (10% del número de acciones en circulación), elimina de forma permanente una fuente significativa de posible dilución. El CEO Brad Wyatt enfatizó que ni los ejecutivos de nivel C ni los miembros del Consejo han vendido acciones de LTNC desde el anuncio de julio "Adios", refutando las afirmaciones en redes sociales de que la dirección estaba usando la acción como un 'cajero'.
Esta iniciativa forma parte de la reforma más amplia de la estructura accionarial de LTNC destinada a reducir la dilución, mejorar la estructura de capital y crear valor a largo plazo para los accionistas.
Labor Smart (OTCID:LTNC)가 최대 규모 중 하나인 자사주 소각을 실행하여 7억1700만 보통주와 Preferred H 20주를 자사고로 이전했습니다. 회사는 또한 기존 부채 중 $230만 이상을 하나의 전환사채로 통합·정리했습니다.
약 20억 보통주에 해당하는 Preferred H 20주의 소각(발행주식의 약 10%)은 잠재적 희석 요인을 영구적으로 제거합니다. CEO 브래드 와이어트는 7월의 'Adios' 발표 이후 C-레벨 임원이나 이사회 구성원이 LTNC 주식을 매도한 적이 없다고 강조하며, 경영진이 주식을 '현금인출기(ATM)'처럼 사용했다는 소셜 미디어 주장에 대해 반박했습니다.
이번 조치는 희석을 줄이고 자본구조를 개선하며 장기적 주주 가치를 창출하기 위한 LTNC의 광범위한 주식 구조 개편의 일환입니다.
Labor Smart (OTCID:LTNC) a procédé à l'une de ses plus importantes retraits d'actions, retirant 717 millions d'actions ordinaires et 20 actions Preferred H au trésor. La société a également consolidé et éliminé plus de 2,3 millions de dollars d'engagements anciens en une seule dette convertible.
Le retrait des 20 actions Preferred H, équivalant à environ 2 milliards d'actions ordinaires (10 % des actions en circulation), supprime de manière permanente une source significative de dilution potentielle. Le PDG Brad Wyatt a souligné qu'aucun dirigeant de niveau C ni membre du conseil n'a vendu d'actions LTNC depuis l'annonce "Adios" de juillet, réfutant les allégations sur les réseaux sociaux selon lesquelles la direction aurait utilisé le titre comme un « distributeur automatique ».
Cette initiative s'inscrit dans la réforme plus large de la structure actionnariale de LTNC visant à réduire la dilution, améliorer la structure du capital et créer de la valeur à long terme pour les actionnaires.
Labor Smart (OTCID:LTNC) hat eine seiner größten Aktienrücknahmen durchgeführt und 717 Millionen Stammaktien sowie 20 Preferred‑H‑Aktien in die eigene Kapitalrücklage zurückgeführt. Das Unternehmen hat außerdem über $2,3 Millionen an Altverbindlichkeiten in eine einzige wandelbare Schuldverschreibung konsolidiert und bereinigt.
Die Rücknahme der 20 Preferred‑H‑Aktien, was etwa 2 Milliarden Stammaktien entspricht (ca. 10% der ausstehenden Aktien), beseitigt dauerhaft eine erhebliche Quelle potenzieller Verwässerung. CEO Brad Wyatt betonte, dass weder C‑Level‑Manager noch Vorstandsmitglieder seit der Adios‑Ankündigung im Juli LTNC‑Aktien verkauft haben und wies damit Behauptungen in sozialen Medien zurück, die Führung habe die Aktie als 'Geldautomat' genutzt.
Diese Maßnahme ist Teil einer umfassenderen Reform der Aktienstruktur von LTNC, mit dem Ziel, Verwässerung zu verringern, die Kapitalstruktur zu verbessern und langfristigen Aktionärswert zu schaffen.
- Retirement of 717 million common shares and 20 Preferred H shares (equivalent to 2 billion common shares)
- Elimination of over $2.3 million in legacy obligations
- Consolidation of multiple debt instruments into a single convertible note
- No stock sales by C-level officers or Board members since July's Adios announcement
- Existence of convertible debt that could potentially lead to future dilution
- Previous complex debt structure requiring consolidation indicates historical financial challenges
One of the largest share retirements in Company history - advancing LTNC's share structure reform and strengthening long-term shareholder value.
JACKSON, WY / ACCESS Newswire / August 19, 2025 / Labor Smart, Inc. (OTCID:LTNC) today announced the retirement of approximately 717 million common shares and 20 Preferred H shares to treasury. This action marks one of the most substantial share retirements in Company history and underscores LTNC's commitment to reducing dilution, improving its capital structure, and creating long-term shareholder value.
In addition to the share retirement, the Company has eliminated more than
Leadership Commentary
Brad Wyatt, CEO of LTNC, stated:
"Since the first countdown related to the Adios announcement, neither LTNC's C-level officers nor members of the Board of Directors have sold any of their personal holdings in LTNC. Recent regulatory disclosures required the filing of supplemental statements to position certain shares based on individual portfolio management. To be clear, as of today's date and dating back to July's Adios announcement, no sales of LTNC stock have been made by LTNC's C-level officers or Board members.
This statement does not intend to limit the individual right of officers or directors to manage their personal portfolios in the future, provided all transactions comply with regulatory requirements. However, it is important to note that from July to the present, none of the selling activity in LTNC stock has involved the Company's Board or C-level executive leadership.
The social media narrative suggesting LTNC's leadership has used the stock as an 'ATM' or orchestrated hype for personal gain is unfounded and inconsistent with the facts. On the contrary, LTNC has executed one of the largest share retirements in its history, eliminated over
Tom Zarro, Board Member of LTNC, added:
"The Board has been aligned on bold, shareholder-first actions, and this is one of the most impactful to date. Retiring this massive block of shares and removing historic obligations marks a turning point for LTNC. Investors should know that more reforms are underway, and the Company's trajectory has never been stronger."
Share Structure Reform & Road Ahead
This announcement is a milestone in LTNC's broader share structure reform initiative, designed to:
Reduce the outstanding share count and dilution,
Retire and consolidate legacy obligations,
Increase financial flexibility, and
Position the Company for sustainable growth across its expanding portfolio of consumer brands.
Management confirmed that additional measures are in progress and will be announced in the coming weeks, reinforcing LTNC's focus on transparency, accountability, and shareholder value creation.
About Labor Smart, Inc. (OTCID:LTNC)
Labor Smart, Inc. (OTCID:LTNC), headquartered in Jackson, Wyoming, serves as a brand accelerator and distribution platform in the beverages, wellness, and lifestyle sectors. Through its subsidiaries and partnerships, LTNC manages the commercialization and distribution of emerging and established brands, creating value for both consumers and shareholders.
Forward-Looking / Safe Harbor Statements
This press release includes forward-looking statements involving risks and uncertainties. Actual results may differ materially from expectations. LTNC undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances. 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. It is intended to be covered by the safe harbor created by such sections and the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "may," "will," "should," "could," "potential," "continue," and similar expressions. These forward-looking statements are based on current expectations, estimates, and projections about the Company's industry, management's beliefs, and certain assumptions made by management, and are not guarantees of future performance.
CONTACT
Labor Smart, Inc.
Investor Relations
Email: ir@laborsmartinc.com
SOURCE: Labor Smart, Inc.
View the original press release on ACCESS Newswire
FAQ
How many shares did Labor Smart (LTNC) retire in August 2025?
How much legacy debt did LTNC eliminate in the August 2025 restructuring?
Have any LTNC executives sold shares since the July 2025 Adios announcement?
What percentage of LTNC's outstanding shares were affected by the Preferred H shares retirement?
What is the purpose of LTNC's share structure reform initiative?
