InCapta, Inc. Transitions to FrankSpeech Network, Inc.
InCapta, Inc. (OTC PINK: INCT) has announced that the Financial Industry Regulatory Authority (FINRA) has processed its corporate actions. As a result, the company has officially changed its name to FrankSpeech Network, Inc.
Details of the Corporate Actions
In addition to the name change, FrankSpeech Network, Inc. has executed a one-for-fifty thousand (1:50,000) reverse stock split of its common stock. Any fractional shares that arise from this reverse stock split will be rounded up to the next whole share to maintain equity for stockholders.
This name change and reverse stock split are linked to a share exchange between FrankSpeech Network, Inc. and FrankSpeech, Inc., a Delaware corporation. In this exchange, FrankSpeech Network, Inc. issued 3,700,000 shares of its Series A Preferred Stock in exchange for all outstanding securities of FrankSpeech, Inc., making it a wholly-owned subsidiary of the network.
Impact on Stock Symbol
As a result of the reverse stock split, the ticker symbol for FrankSpeech Network, Inc. will temporarily change to “INCTD” for a duration of 20 business days. Following this period, the symbol will be permanently updated to “FSBN” to reflect the company’s new brand identity.
About FrankSpeech Network, Inc.
FrankSpeech is a distinctive broadcasting platform established by Mike Lindell in April 2021. It was created to offer a First Amendment-friendly alternative to the heavily regulated and censored platforms run by larger technology companies. Since its launch, FrankSpeech has quickly grown its audience, now reaching over 7 million viewers each month across three continuous, 24/7 channels.
Commitment to Free Speech
FrankSpeech not only hosts a wide variety of content but also empowers content creators, ensuring that free speech is upheld for everyone. This dedication to free speech is a core principle of the platform, which aims to be a comprehensive media ecosystem.
Future Prospects
Looking forward, FrankSpeech Network, Inc. is poised to continue its growth as it strengthens its presence in the digital media arena. With a mission focused on promoting free expression, the company plans to expand its reach and enhance viewer engagement by offering diverse programming that resonates with its audience.
Media and Investor Contacts
For media inquiries, interested individuals can reach out to:
Josh Shave
Chief Marketing Officer
FrankSpeech Broadcast Network
Email: investor@frankspeech.com
Investors seeking additional information can visit the official website of FrankSpeech Network, Inc. at fsbn.com.
Frequently Asked Questions
What prompted the name change to FrankSpeech Network, Inc.?
The name change was part of a series of corporate actions approved by FINRA to better align the company's branding with its mission and services.
What is the significance of the reverse stock split?
The reverse stock split aims to consolidate shares, making the stock more marketable and potentially attracting more institutional investors.
How will investors be affected by the stock symbol change?
Investors will notice the ticker symbol changing to “INCTD” for the first 20 business days, after which it will change to “FSBN,” reflecting the company's rebranding efforts.
What are the future goals of FrankSpeech Network, Inc.?
FrankSpeech intends to broaden its content offerings and boost viewer engagement while remaining dedicated to advocating for free speech.
Where can I find more information about FrankSpeech Network?
To learn more, you can visit the official website at fsbn.com for the latest updates and offerings from FrankSpeech Network, Inc.
