Earth Science Tech, Inc. has announced a reduction of its authorized shares of common stock from 350 million to 300 million.
The move reflects the Board's confidence in the company's current trajectory and commitment to long-term shareholder value protection.
CEO Giorgio R. Saumat emphasized the alignment with the goal of reducing the share count, signaling confidence in the company's financial health and strategic plan.
Reduction of Authorized Shares
The Board of Directors approved reducing the authorized shares from 350 million to 300 million, aiming to prevent unnecessary dilution.
Shareholder Value Protection
The decision reflects the Board's confidence in the company's direction and commitment to protect long-term shareholder value.
Strategic Confidence Signal
The reduction aligns with the company's goal of decreasing the share count, signaling a strong belief in its financial health and strategic plan.
- The strategic reduction in authorized shares demonstrates a proactive approach to financial management and future planning.
- With the outstanding share count at 294.3 million, the Board deemed the previous authorization level of 350 million shares as no longer necessary, given the company's direction and financial planning.
Earth Science Tech's decision to reduce authorized shares showcases a commitment to shareholder value and confidence in the company's strategic direction.