Mango Capital, Inc. Announces Name Change and Reverse Split

Mango Capital, Inc. (OTC PINK:MCAP) is set to undergo a name change to MetaCap Inc. following the recent approval from its Board of Directors as of October 4, 2021.

Rhea-AI Summary

Mango Capital, Inc. (OTC PINK:MCAP) is set to undergo a name change to MetaCap Inc. following the recent approval from its Board of Directors as of October 4, 2021. This transition is subject to regulatory approval. Additionally, the company has announced a 200-for-1 reverse stock split of its common shares, which is also pending necessary regulatory endorsements. The ticker symbol 'MCAP' will remain unchanged. The release includes forward-looking statements, advising caution against placing undue reliance on these projections.

Positive

• Name change to MetaCap Inc. could enhance brand recognition.
• Retaining the MCAP ticker symbol allows continuity for investors.

Negative

• A 200-for-1 reverse split may result in shareholder dilution.
• Market perception may be negatively impacted by the need for a reverse split.

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News Market Reaction – MCAP

The recorded move for MCAP in the trading session of this news was -27.78%.

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SWEDESBORO, NJ / ACCESSWIRE / November 3, 2021 / Mango Capital, Inc. (OTC PINK:MCAP) announces today, per the October 4^th, 2021 approval of the Board of Directors, that the company shall be known as MetaCap Inc., pending required regulatory approvals. The company shall retain its "MCAP" ticker symbol.

In addition, MetaCap Inc. has approved a 200-for-1 reverse split in its common shares, pending required regulatory approvals.

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

Brooke Pagano
(845) 270-5792
Brooke@landofland.com

SOURCE: Mango Capital, Inc.

View source version on accesswire.com:
https://www.accesswire.com/671048/Mango-Capital-Inc-Announces-Name-Change-and-Reverse-Split

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What changes are announced for Mango Capital, Inc. (MCAP)?

Mango Capital, Inc. is changing its name to MetaCap Inc. and is planning a 200-for-1 reverse split of its common shares.

What is the reason for the reverse stock split by MCAP?

The reverse stock split is intended to consolidate shares, which may help enhance the stock price and appeal to investors.

When was the name change for MCAP approved?

The name change was approved by the Board of Directors on October 4, 2021.

Will the ticker symbol change after the name change to MetaCap Inc.?

No, the ticker symbol 'MCAP' will remain unchanged after the name change.

What should investors know about the forward-looking statements in the release?

The release contains forward-looking statements that involve risks and uncertainties, and investors are advised not to rely excessively on these projections.