Unitronix Corp. Expands Stock
Buyback Program, Reducing Outstanding Shares by Total of
165M
Untronix's Share Reduction Efforts,
Including Stock Buyback and Massive Reduction to Authorize Shares,
Highlights Management's Confidence in Growth Strategy
Marlton, NJ -- January 14, 2025 -- InvestorsHub NewsWire
-- Unitronix Corp.
(OTC:
UTRX), a leader
in blockchain and decentralized finance (DeFi) solutions, is proud
to announce the cancellation of an additional 142 million common
shares, bringing the total retired shares to 165 million since the
program was first
introduced. Further, the company also reduced the
Authorize shares from 2 Billion down to 450 Million—greater than
75% reduction. Combined, these significant reductions,
demonstrate the Company's continued commitment to enhancing
shareholder value and streamlining its capital structure.
Building on Past
Success
The latest share cancellation follows the successful implementation
of the buyback program announced in mid-2024, which initially
targeted a nominal reduction in shares to reinforce investor
confidence. Over the past 6 months, however, the program has proven
to be a strategic success, with the Company reducing its
outstanding shares exclusively through privately negotiated
transactions. These efforts help to ensure that the cap table is
restructured without the use of a reverse stock split, and the
excess shares are retired without entering the open
market—maintaining transparency and avoiding market disruption.
"We're pleased with the results of our buyback initiative and the
alignment of these actions with our broader goals," said Kenneth J.
Williams, CEO of Unitronix Corp. "This milestone builds upon the
momentum we've achieved in refining our operations and capital
structure and these efforts are part of a larger strategy to
position Unitronix as a leader in the DeFi space."
Maximizing Shareholder Value
Through Strategic Action
The share buyback initiative demonstrates Unitronix's proactive
approach to capital restructuring, designed to capitalize on
undervaluation and future growth opportunities. Read
"Unitronix
Corp: Strengthening Shareholder Value Through Strategic
Actions?-?Share Buyback & Authorized Stock Reductions"
for greater detail—expanding on matters such as (i) enhancing
valuation and (ii) funding growth without excessive dilution; also
touching on the cumulative effect of the buyback program, such
as:
-
Enhanced
Value Per Share: A reduced share count
amplifies the value of each remaining share, benefiting current
investors.
-
Strategic
Agility: A leaner financial structure
supports funding for groundbreaking initiatives in the blockchain
and DeFi sectors.
Driving Strategic
Growth
As noted in a prior press release announcing the integration of
real-world asset tokenization into its DeFi platforms,
Unitronix has been actively expanding its offerings and positioning
itself as an innovator in the digital finance ecosystem. This new
streamlined capital structure now provides the company with greater
flexibility to pursue transformative projects and attract strategic
investments.
Reducing Outstanding Shares,
Attracting Investors
The buyback program also strategically reduces the Company's
outstanding share count, thereby lowering the Company's market
capitalization. This creates an attractive opportunity for new and
existing investors, including (not limited to), Increased Upside Potential and
Improved Shareholder
Return
A Bright Future for
Stakeholders
Unitronix's share buyback program underscores its commitment to
delivering value to all stakeholders. This strategic restructuring
not only optimizes the company's financial position, but also
creates opportunities for sustainable growth in the rapidly
evolving digital finance ecosystem.
"Our share buyback program is a cornerstone of our strategy to
unlock the hidden value of Unitronix," said Kenneth J. Williams,
CEO of Unitronix Corp. "By acquiring and retiring shares, and
substantially limiting future dilution, we align with the long-term
interests of our shareholders while reinforcing our financial
foundation. This approach strengthens our position as a leader in
the DeFi space and enhances our appeal to investors."
Unitronix remains open to continuing its buyback program if market
conditions and strategic opportunities warrant further action. The
Company will maintain its focus on privately negotiated
transactions to ensure a controlled and transparent process,
consistent with its past efforts. If and where further
reduction of the authorized shares is opportune, the Company will
strongly make those considerations as well.
Readers are also encouraged to download a summary of Unitronix's
Cryptocurrency Portfolio Strategy for deeper insights into
our business model and value proposition.
About Unitronix
Corporation
Unitronix Corp.
(OTC: UTRX) is a
forward-thinking company committed to creating value through
strategic investments in the rapidly expanding cryptocurrency and
blockchain ecosystem. The company focuses on capitalizing on
opportunities in digital currencies, decentralized finance (DeFi),
tokenization solutions, and other innovations shaping the future of
finance.
For
investor and general information, contact us at info@unitronix.ai
Follow
us on X for
real-time updates.
Forward-Looking
Statements:
Safe Harbor Statement - This press release may contain
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include the intent, belief, or expectations of the
Company and its management regarding the Company's future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, with actual results
potentially differing materially from those contemplated by such
statements. Factors that could cause differences include, but are
not limited to, failure to complete anticipated sales, lack of
revenue growth, client discontinuances, failure to realize
improvements in performance, efficiency, and profitability, adverse
developments with respect to litigation or increased litigation
costs, the operation or performance of the Company's business
units, or the market price of its common stock. Additional factors
can be found on the Company's website. The Company disclaims any
responsibility to update forward-looking statements except as
required by law.
Contact Information
Kenneth
J Williams
525
Route 73 North STE 104
Marlton, NJ 08053
+1
848-202-4899
info@unitronix.ai
www.unitronix.ai
