Sollensys Corp. (OTCQB:SOLS) announced that in connection with the recently completed acquisition of the South Korean touch screen panel manufacturer that its largest shareholder cancelled 200,000,000 common shares which offset the issuance of 200,000,000 common shares for the acquisition. The company has approximately 100,000,000 shares in the float and 400,000,000 restricted shares including the shares issued for the acquisition.

Frank Woo, the CEO of Sollensys Corp. stated, “We were pleased that the largest shareholder cancelled shares to offset the amount issued in the acquisition. We did not want the outstanding shares to increase or the public shareholders to suffer any dilution due to the acquisition. We intend to bring substantial value to our shareholders.”

See Sollensys.com and Sollensys.co.kr for additional information.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and the Company’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Sollensys Corp. is not obligated to publicly release a revision to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.

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