NetworkNewsBreaks – American Fusion Inc. (OTC: AMFN) Cancels 1.68B Shares, Reducing Outstanding by 56%
American Fusion (OTC: AMFN) announced the cancellation of 1,683,000,000 shares of its common stock pursuant to a final court order, with the shares returned to treasury and no longer issued and outstanding. Following the transfer agent’s end-of-day update, the Company expects its total shares outstanding to be approximately 1,316,801,029, representing a reduction of about 56%, as part of ongoing efforts to strengthen its capital structure and support long-term shareholder value.
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
American Fusion (OTC: AMFN) announced the cancellation of 1,683,000,000 shares of its common stock pursuant to a final court order, with the shares returned to treasury and no longer issued and outstanding. Following the transfer agent’s end-of-day update, the Company expects its total shares outstanding to be approximately 1,316,801,029, representing a reduction of about 56%, as part of ongoing efforts to strengthen its capital structure and support long-term shareholder value.
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer