GivBux Set for Special Warrant Dividend - Key Dates and Insights
GivBux Special Warrant Dividend Announcement
NEWPORT BEACH, Calif. -- GivBux, Inc. (OTC: GBUX), a leading public Super App recognized for its charitable giving platform, is excited to share that the ex-dividend date for its much-anticipated special warrant dividend is approaching. Set to occur on June 5, 2025, this strategic move aims to further engage and reward shareholders.
Understanding the Special Warrant Dividend
Under the planned special warrant dividend, GivBux intends to distribute warrants on a 1-for-10 basis. This means that for every ten shares of GivBux common stock owned by shareholders as of the record date, they will receive one share warrant. The warrants will be exercisable at $4.00 per share, providing shareholders a unique opportunity to invest further in GivBux’s growth.
Eligibility for Warrant Distribution
To advantage from this initiative, shareholders must ensure to acquire GBUX stock by June 4, 2025, as the stock must settle by the record date of June 5. This meticulous timing allows for seamless processing of the warrants, which are set to be distributed electronically at the close of business on June 5.
Post-Distribution Process
Post-distribution, GivBux will manage the exercise of warrants internally, ensuring a straightforward process for shareholders. Any inquiries regarding the warrant exercise can be addressed directly to Bob Thompson, the company’s Secretary and Treasurer.
GivBux's Commitment to Shareholders
Umesh Tim Singh, the President of GivBux, emphasized the importance of this dividend initiative. “By introducing this special warrant dividend, we aim to reinforce our underlying commitment to build long-term value and broaden our offerings within the fintech and charitable sectors,” Singh stated. This shows GivBux’s determination to innovate and expand its Super App platform as it forges ahead in the competitive market.
Exploring the GivBux Super App
The GivBux Super App is not merely a shopping platform; it redefines the retail experience by allowing users to make purchases effortlessly across more than 100 national retailers and an expanding number of local merchants. A standout feature of the app is its cash-back rewards, a portion of which users can donate to a charity of their choice, reinforcing GivBux’s mission to give back to the community.
Features and Functionality
Free to use, the GivBux Super App is readily accessible on major mobile platforms, including Google Play Store for Android and Apple App Store for iOS. As it constantly evolves, GivBux is dedicated to integrating new functionalities, including social networking, e-commerce, banking solutions, messaging, food delivery, and transportation services, all aimed at enhancing the user experience.
A Vision for Charitable Giving
Moreover, GivBux aims to embark on a new journey in e-commerce while nurturing a culture of charitable giving. The goal is to cultivate the largest community of givers, beginning in the United States and ultimately extending this vision globally.
Looking Ahead
As GivBux continues to strive for innovation in the fintech space, the forthcoming special warrant distribution is a step towards fostering a deeper connection with its shareholders. By keeping shareholders informed and engaged, GivBux reinforces its principles of transparency and growth, paving the way for exciting developments in the near future.
Frequently Asked Questions
What is the ex-dividend date for the special warrant dividend?
The ex-dividend date for the special warrant dividend is set for June 5, 2025.
How do shareholders qualify for the warrants?
Shareholders must own GBUX stock by June 4, 2025, to be eligible for the warrant distribution.
What does the 1-for-10 basis mean in this context?
This means that for every ten shares of GivBux common stock held, shareholders will receive one warrant.
What is the exercise price of the warrants?
Each warrant is exercisable at $4.00 per share according to the company’s Warrant Agreement.
Who should shareholders contact for questions regarding the warrants?
Shareholders can direct their inquiries about warrant exercise to Secretary and Treasurer Bob Thompson.
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