Raadr, Inc. Announces Agreement with Shareholders for the Cancellation of 1.7 Billion Common Shares and Affirms No Reverse Split
Rhea-AI Summary
Raadr, Inc. (OTC Pink:RDAR) has announced a significant development in its capital structure. The company has reached a definitive agreement with certain shareholders for the cancellation of 1.7 billion common shares. This strategic move is aimed at enhancing shareholder value by optimizing the company's capital structure.
In addition to this share cancellation, Raadr has decided against implementing a reverse stock split at this time. The company believes that its current capital structure offers substantial potential for unlocking shareholder value and positions Raadr for future growth without the need for a reverse split.
This announcement demonstrates Raadr's commitment to improving its financial position and creating value for its shareholders through strategic capital management decisions.
Positive
- Agreement reached for cancellation of 1.7 billion common shares
- Potential enhancement of shareholder value through capital structure optimization
- Decision against reverse stock split, indicating confidence in current structure
Negative
- None.
News Market Reaction
On the day this news was published, RDAR gained 57.14%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESSWIRE / October 18, 2024 / Raadr, Inc. (OTC Pink:RDAR) ("Raadr" or the "Company") is pleased to announce that it has reached a definitive agreement with certain shareholders for the cancellation of 1.7 billion common shares. This strategic decision reflects the Company's commitment to enhancing shareholder value by optimizing its capital structure. In addition, Raadr has opted not to pursue a reverse stock split at this time. The Company believes that the current capital structure provides significant potential for unlocking shareholder value, positioning Raadr for future growth without the need for such a measure.
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Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Contact: dgilcher@mexedia.com
SOURCE: Raadr, Inc.
View the original press release on accesswire.com
FAQ
What is the recent agreement announced by Raadr, Inc. (RDAR) regarding its common shares?
Will Raadr, Inc. (RDAR) implement a reverse stock split as of October 18, 2024?
How does Raadr, Inc. (RDAR) plan to enhance shareholder value according to the recent announcement?
What is the rationale behind Raadr, Inc. (RDAR) not pursuing a reverse stock split?
