VAYK Cancelled 20 million Shares at No Cost to Increase Shareholder Value

Rhea-AI Summary

Vaycaychella (OTC Pink: VAYK) has announced the cancellation of 20 million shares at no cost to the company, aimed at increasing shareholder value. The company has not issued any free-tradable shares since May 2022 and has eliminated $2.55 million in convertible debt, with $2.37 million being complete forgiveness.

VAYK has made only two restricted share issuances: 43 million shares at $0.0073 and 20 million shares at $0.0008 (now cancelled). Earlier this year, the company issued $500,000 of preferred shares with a conversion price of $0.005 to acquire a company generating $680,000 in profitable revenue.

Positive

• Cancellation of 20 million shares at no cost, improving shareholder equity
• Elimination of $2.55 million in convertible debt, with $2.37 million forgiven
• No free-tradable shares issued since May 2022, reducing dilution risk
• Acquisition of profitable business generating $680,000 in revenue
• Recent share issuances priced above current market price, potentially beneficial for current shareholders

Negative

• Current trading price is 4-5 times lower than recent restricted share issuance price of $0.0073
• Company trading on OTC Pink market, which carries higher risks

ATLANTA, June 26, 2025 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") announced today that the company has cancelled 20 million shares at no cost to the company, a move that will increase the net equity per share for all shareholders.

"It's part of our continuous campaign to increase shareholder value," said Jason Armstrong, director of the board of the company. "Since the takeover by the new management team, the company has made a good effort to reduce the total outstanding shares, including eliminated debt instruments that can be converted into shares."

In fact, VAYK has not issued any free-tradable shares since May 2022, which is over three years ago. The company has only delivered two issuances of restricted shares since then. These include approximately 43 million restricted shares issued at a price of $0.0073, which is 4 to 5 times higher than the current share price, and those shares will need the company's consent to become free-tradable. The other issuance is 20 million restricted shares issued at a price of $0.0008, and those shares are what have been cancelled.

The company has also eliminated $2.55 million in convertible debt, of which about $2.37 million was complete forgiveness or cancellation.

Earlier this year, the company issued $500,000 of preferred shares to acquire a company with $680,000 in profitable revenue. Those newly issued preferred shares were issued with a conversion price of $0.005, which is significantly higher than the current trading price.

"Theoretically, shares issued at a price (or conversion price) much higher than the current share price will not cause any dilution," highlighted Armstrong. "Instead, any shareholders who have purchased or will purchase VAYK stocks below the issuance price or conversion price, which are $0.0073 and $0.005 respectively, will benefit from a premium."

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

VAYK Contact:
Contact@Vaycaychella.com
+1 470-804-7144

View original content:https://www.prnewswire.com/news-releases/vayk-cancelled-20-million-shares-at-no-cost-to-increase-shareholder-value-302492371.html

SOURCE Vaycaychella, Inc.

FAQ

How many shares did VAYK cancel and what is the impact on shareholders?

VAYK cancelled 20 million shares at no cost to the company, which increases the net equity per share for all shareholders by reducing the total number of outstanding shares.

How much convertible debt has VAYK eliminated?

VAYK has eliminated $2.55 million in convertible debt, with approximately $2.37 million being complete forgiveness or cancellation.

What acquisitions has VAYK made recently?

VAYK issued $500,000 of preferred shares to acquire a company that generates $680,000 in profitable revenue. The preferred shares have a conversion price of $0.005.

When was the last time VAYK issued free-tradable shares?

VAYK has not issued any free-tradable shares since May 2022, which is over three years ago. Recent issuances have been restricted shares only.

What is the conversion price of VAYK's recent share issuances?

VAYK issued restricted shares at $0.0073 and preferred shares with a conversion price of $0.005, both significantly higher than the current trading price.