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Global Tech Industries Group, Inc. Announces a Change From the Board Decision Regarding the Strike Price for the Outstanding Warrants
Global Tech Industries Group, Inc. Announces a Change From the Board Decision Regarding the Strike Price for the Outstanding Warrants
New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. ("GTII" or "The Company"), , announced today that management, after further market study and input from its legal team, has decided that it is in the best interest of the shareholders of the Company to keep the original exercise price of the warrants it distributed last year (the "Warrants"). Such decision was made because the common stock underlying the Warrants were registered with the Securities and Exchange Commission (the "SEC") in a registration statement on Form S-1 (the "S-1") that was declared effective on August 26, 2021 with an exercise price of $2.75. A change to that exercise price would require an amendment to the S-1, which could cause the shares common stock issued pursuant to a new exercise price to not be registered at the time of issuance. As the warrant distribution was originally instituted to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the Warrants, the change to the exercise price has been abandoned, and the Warrants will remain priced as registered for resale by the named selling shareholders in the S-1. Therefore, such shareholders are eligible to exercise their Warrants at the initial exercise price, and receive shares of common stock registered for resale in the S-1 by contacting Liberty Stock Transfer, Inc. ("Liberty"), the company's transfer agent.
Please contact Liberty Stock Transfer, Inc. ("Liberty") for more information at the following address: Gtiiwarrants@libertystocktransfer.com,
About Global Tech Industries Group, Inc.:
GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here
Please follow our Company at: or at
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Global Tech Industries Group, Inc.s
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. ("GTII" or "The Company"), , announced today that management, after further market study and input from its legal team, has decided that it is in the best interest of the shareholders of the Company to keep the original exercise price of the warrants it distributed last year (the "Warrants"). Such decision was made because the common stock underlying the Warrants were registered with the Securities and Exchange Commission (the "SEC") in a registration statement on Form S-1 (the "S-1") that was declared effective on August 26, 2021 with an exercise price of $2.75. A change to that exercise price would require an amendment to the S-1, which could cause the shares common stock issued pursuant to a new exercise price to not be registered at the time of issuance. As the warrant distribution was originally instituted to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the Warrants, the change to the exercise price has been abandoned, and the Warrants will remain priced as registered for resale by the named selling shareholders in the S-1. Therefore, such shareholders are eligible to exercise their Warrants at the initial exercise price, and receive shares of common stock registered for resale in the S-1 by contacting Liberty Stock Transfer, Inc. ("Liberty"), the company's transfer agent.
纽约,纽约,2022年10月2日(环球通讯社)GTII:OTCQB)Global Tech Industries Group,Inc.(“GTII”或“本公司”)今天宣布,管理层经过进一步的市场研究和其法律团队的意见后,决定维持其去年分发的认股权证(“认股权证”)的原始行使价,符合本公司股东的最佳利益。之所以作出这一决定,是因为认股权证相关的普通股已在美国证券交易委员会(“美国证券交易委员会”)以S-1表格(“S-1”)的登记声明进行登记,该S-1表格于2021年8月26日宣布生效,行使价为2.75美元。这一行权价格的变化将需要对S-1进行修正,这可能导致根据新的行权价格发行的普通股在发行时没有登记。由于认股权证分配最初是为了奖励忠实股东,并允许他们交易认股权证相关普通股的登记股票,因此已放弃对行使价的改变,认股权证将保持登记价格,供S-1中被点名的出售股东转售。因此,这些股东有资格以初始行使价格行使他们的认股权证,并通过联系公司的转让代理Liberty Stock Transfer,Inc.(“Liberty”)获得在S-1登记转售的普通股股票。
Please contact Liberty Stock Transfer, Inc. ("Liberty") for more information at the following address: Gtiiwarrants@libertystocktransfer.com,
如需更多信息,请联系Liberty Stock Transfer,Inc.(“Liberty”),地址为:Gtiiwarrants@LibertystockTransport.com,
About Global Tech Industries Group, Inc.:
ABout Global Technology Industries Group,Inc.
GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here
GTII是一家在内华达州注册成立的上市公司,专门从事获取新技术和创新技术。点击此处访问GTII
Please follow our Company at: or at
请通过以下地址关注本公司:或
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
安全港前瞻性陈述:
本新闻稿可能包含基于当前预期、预测和假设的前瞻性陈述,这些陈述涉及风险和不确定性,可能导致实际结果和结果与预期或预期的结果大不相同,包括与我们未来季度和年度的财务业绩、预期收入、分配和未来增长有关的预期收入的数额和时间的陈述。这些风险和不确定性在该公司提交给美国证券交易委员会(美国证券交易委员会)的文件和报告中有进一步的定义。由于我们向美国证券交易委员会提交的文件中不时详述的多种因素,实际结果和某些事件的时间可能与前瞻性表述中预测或预期的结果大不相同。在其他事项中,本公司可能无法持续增长或基于许多因素实现盈利,这些因素包括但不限于我们将无法找到和收购使我们能够盈利的业务和资产的风险。谨此参考公司最近提交给美国证券交易委员会的文件中提出的警示声明。我们已经并将继续在我们的发展阶段产生巨额支出,并指出不能保证我们将在短期和长期产生足够的收入来抵消这些成本。新的业务线可能会让我们面临额外的法律和监管成本以及未知的风险敞口,其影响目前无法预测。
Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
例如“估计”、“计划”、“预测”、“将”、“将”、“应该”、“可能”、“预期”、“计划”、“打算”、“相信”、“预期”、“目标”表达事件或结果的预期性质的“可能”或类似表述通常表示前瞻性陈述。您不应过分依赖这些前瞻性陈述,这些陈述仅在本新闻稿发布时发表。除非法律要求,否则我们不承担因新信息、未来事件或其他原因而更新、修改或撤回任何前瞻性陈述的义务。
Global Tech Industries Group, Inc.s
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
环球科技工业集团公司
第六大道511号,800号套房
纽约州纽约市,邮编:10011
邮箱:info@gtii-us.com
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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