other material
confidence high
sentiment positive
materiality 0.55
EQUATOR Beverage reduces authorized shares 90%, cancels all warrants/options, announces share buyback
EQUATOR Beverage Co
- Eliminated Preferred Class B stock, executed 10:1 reverse split in 2013 and 2:1 split in 2022.
- Reduced authorized shares from 200M to 20M (90% decrease) and cancelled all outstanding warrants and options.
- Repurchased 1,521,574 common shares via private transactions since 2018 (adjusted for splits).
- Plans share buyback in 2023; currently 16,503,796 shares outstanding (3,846,639 unrestricted).