MELBOURNE, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- via IBN -- Branded Legacy, Inc. (OTC:BLEG), a leader in the biotech industry, today proudly announced the retirement of an additional 400,000,000 shares of its common stock, bringing the total number of shares retired to 2 billion. This significant move is part of the company's ongoing commitment to enhance shareholder value. Furthermore, the company highlights recent acquisitions, boosting the company's assets portfolio to well over $1 million this month.
David Oswald, CEO of Branded Legacy, Inc., commented on the retirement, "In efforts to under promise and over deliver, we expect to retire additional shares in the coming months. We consider economic sustainability as a core aspect of our overall mission. The reduction of 2 billion shares is a testament to the integrity with which we conduct our fiduciary responsibilities. These actions underscore our ongoing commitment to maintaining a healthy share structure."
This share retirement is part of Branded Legacy, Inc.'s broader strategy to streamline its share structure and improve its market standing. By reducing the number of shares available in the market, the company aims to increase the value of the remaining shares, thereby benefiting its loyal shareholders.
The company would also like to announce that today it purchased ultra-efficient analytical and chemical recycling equipment that has empowered the company to reach new levels of efficiency and quality. These systems enable machinery to operate in tandem, recycling the chemical inputs used in analytical and purification processes. This brings the capability of ...
BLEG) Announces Retirement of 400,000,000 Common Shares, Achieving Target of 2 Billion in Share Reductions with More to Come>Full story available on Benzinga.com