SecureTech Successfully Completes Share Reduction Program
Rhea-AI Summary
SecureTech (OTC:SCTH) announced completion of its Share Reduction Program on January 12, 2026, lowering issued and outstanding common shares to 17,077,368.
The program ran in three phases: Phase 1 canceled 43,100,000 shares (about a 55% reduction), Phase 2 canceled 4,000,000 shares, and the Final Phase canceled 14,300,000 shares (an additional 46% reduction). In total, roughly 61,400,000 shares were canceled during 2025. Management said the action supports long‑term value creation and positions the company for a planned NASDAQ uplisting process.
Positive
- Outstanding shares lowered to 17,077,368
- Total canceled shares approximately 61,400,000
- Phase 1 cancellation of 43,100,000 shares (~55% reduction)
- Final phase cancellation of 14,300,000 shares (~46% additional reduction)
Negative
- None.
News Market Reaction
On the day this news was published, SCTH declined 0.20%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Achieves Target Goal of 17 Million Shares Outstanding
Roseville, Minnesota, Jan. 12, 2026 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH), a pioneering technology company advancing artificial intelligence, industrial 3D printing and manufacturing technologies, cybersecurity, and digital infrastructure solutions, is excited to announce the successful completion of its Share Reduction Program launched in early 2025.
The program was carried out in three phases:
- Phase 1: 43,100,000 shares of common stock were canceled, reducing the total share count by approximately
55% . - Phase 2: Another 4,000,000 shares were canceled.
- Final Phase: 14,300,000 more shares were canceled, reducing the total number of issued and outstanding shares by an additional
46% .
Following the completion of all phases, SecureTech now has 17,077,368 shares of common stock issued and outstanding.
J. Scott Sitra, President and CEO of SecureTech, stated, “Today marks a defining milestone in SecureTech’s forward momentum. In just one year, we reduced our outstanding shares by approximately 61 million, underscoring the disciplined, deliberate approach we are taking to build long-term value. This is the result of focused execution and a team that is fully aligned on strengthening the foundation of the company.”
Mr. Sitra continued, “I’m incredibly proud of what we’ve accomplished and grateful for the continued trust of our shareholders. We believe the progress made over the past year positions SecureTech in a place of strength as we continue executing on our strategic priorities, including preparing us for NASDAQ uplisting soon.”
About SecureTech Innovations
SecureTech Innovations, Inc. (OTCQB: SCTH) is a pioneering technology company advancing artificial intelligence, industrial 3D printing, cybersecurity, and digital infrastructures. Its portfolio includes AI UltraProd, a leader in AI-driven 3D industrial manufacturing; Piranha Blockchain, a developer of cutting-edge Web3 security, blockchain architecture, digital asset reserves, and cybersecurity systems; and Top Kontrol, the only patented anti-theft and anti-carjacking system that can automatically stop a carjacking without requiring any driver action. SecureTech is committed to developing transformative solutions that address real-world challenges.
For further information, visit our websites:
securetechinnovations.com | aiultraprod.com | piranhablockchain.com | topkontrol.com
Disclaimer & Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements refer to future events, expectations, plans, and prospects. SecureTech Innovations, Inc. (“SecureTech”) believes the expectations reflected in these forward-looking statements are reasonable as of the date they are made. However, actual results may differ materially from those expressed or implied by these forward-looking statements. SecureTech identifies forward-looking statements with words like 'believes,' 'estimates,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,' 'potential,' 'may,' 'could,' 'might,' 'will,' 'should,' 'approximately,' and similar expressions that convey uncertainty about future events or outcomes. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including market conditions and other circumstances. More detailed information about SecureTech and the risks that may affect these forward-looking statements can be found in SecureTech’s filings with the Securities and Exchange Commission (“SEC”), including the risks contained in the section of our Annual Report filed on Form 10-K entitled “Risk Factors.” These filings are available on the SEC’s website at www.sec.gov.
Forward-looking statements in this press release speak only as of the date they are made. SecureTech has no obligation to update any forward-looking statements to reflect new events or circumstances after the date of this press release, except as required by law.
Media Contact
SecureTech Innovations, Inc.
Email: ir@securetechinnovations.com
Phone: (651) 317-8990
Website: www.securetechinnovations.com
FAQ
What is SecureTech's new share count after the January 12, 2026 announcement (SCTH)?
How many shares did SecureTech cancel during the Share Reduction Program (SCTH)?
What were the phase breakdowns of SecureTech's share cancellations (SCTH)?
Does SecureTech say the share reduction affects its strategic plans or listing (SCTH)?
When did SecureTech complete the Share Reduction Program (SCTH)?
Will the Share Reduction Program change SecureTech's market capitalization immediately (SCTH)?
