Jan. 28 at 2:43 AM
$MVCO Metavesco to Retire 3.7 Billion Common Shares
PR Newswire
CUMMING, Ga., Jan. 27, 2025 /PRNewswire/ -- Metavesco, Inc. ("Metavesco (MVCO.NaE)" or the "Company"), a trailblazing holding company dedicated to fostering growth in both digital and traditional sectors, is pleased to announce that the company will retire 3,759,829,140 common shares, which will come from shares personally paid for and owned by CEO Ryan Schadel. This move is part of a broader strategy to streamline the company's capital structure and enhance shareholder value.
In exchange for the retirement of the common shares, Schadel will receive 51 Series X Preferred Shares. These Series X Preferred Shares carry "super voting" rights, granting him 51% of the total voting power, effectively mirroring the voting rights that his common shares currently represent. Importantly, these preferred shares are non-convertible.
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