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Global Tech Industries Group, Inc. Announces a Change From the Board Decision Regarding the Strike Price for the Outstanding Warrants

Global Tech Industries Group, Inc. Announces a Change From the Board Decision Regarding the Strike Price for the Outstanding Warrants

Global Tech Industries Group,Inc.宣佈改變董事會關於未償還認股權證的執行價格的決定
GlobeNewswire ·  2022/10/03 11:06

New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. ("GTII" or "The Company"), , announced today that management, after further market study and input from its legal team, has decided that it is in the best interest of the shareholders of the Company to keep the original exercise price of the warrants it distributed last year (the "Warrants"). Such decision was made because the common stock underlying the Warrants were registered with the Securities and Exchange Commission (the "SEC") in a registration statement on Form S-1 (the "S-1") that was declared effective on August 26, 2021 with an exercise price of $2.75. A change to that exercise price would require an amendment to the S-1, which could cause the shares common stock issued pursuant to a new exercise price to not be registered at the time of issuance. As the warrant distribution was originally instituted to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the Warrants, the change to the exercise price has been abandoned, and the Warrants will remain priced as registered for resale by the named selling shareholders in the S-1. Therefore, such shareholders are eligible to exercise their Warrants at the initial exercise price, and receive shares of common stock registered for resale in the S-1 by contacting Liberty Stock Transfer, Inc. ("Liberty"), the company's transfer agent.

紐約,紐約,2022年10月2日(環球通訊社)GTII:OTCQB)Global Tech Industries Group,Inc.(“GTII”或“本公司”)今天宣佈,管理層經過進一步的市場研究和其法律團隊的意見後,決定維持其去年分發的認股權證(“認股權證”)的原始行使價,符合本公司股東的最佳利益。之所以作出這一決定,是因為認股權證相關的普通股已在美國證券交易委員會(“美國證券交易委員會”)以S-1表格(“S-1”)的登記聲明進行登記,該S-1表格於2021年8月26日宣佈生效,行使價為2.75美元。這一行權價格的變化將需要對S-1進行修正,這可能導致根據新的行權價格發行的普通股在發行時沒有登記。由於認股權證分配最初是為了獎勵忠實股東,並允許他們交易認股權證相關普通股的登記股票,因此已放棄對行使價的改變,認股權證將保持登記價格,供S-1中被點名的出售股東轉售。因此,這些股東有資格以初始行使價格行使他們的認股權證,並通過聯繫公司的轉讓代理Liberty Stock Transfer,Inc.(“Liberty”)獲得在S-1登記轉售的普通股股票。

Please contact Liberty Stock Transfer, Inc. ("Liberty") for more information at the following address: Gtiiwarrants@libertystocktransfer.com,

如需更多信息,請聯繫Liberty Stock Transfer,Inc.(“Liberty”),地址為:Gtiiwarrants@LibertystockTransport.com,

About Global Tech Industries Group, Inc.:

ABout Global Technology Industries Group,Inc.

GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here

GTII是一家在內華達州註冊成立的上市公司,專門從事獲取新技術和創新技術。點擊此處訪問GTII

Please follow our Company at: or at

請通過以下地址關注本公司:或

Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.

安全港前瞻性陳述:
本新聞稿可能包含基於當前預期、預測和假設的前瞻性陳述,這些陳述涉及風險和不確定性,可能導致實際結果和結果與預期或預期的結果大不相同,包括與我們未來季度和年度的財務業績、預期收入、分配和未來增長有關的預期收入的數額和時間的陳述。這些風險和不確定性在該公司提交給美國證券交易委員會(美國證券交易委員會)的文件和報告中有進一步的定義。由於我們向美國證券交易委員會提交的文件中不時詳述的多種因素,實際結果和某些事件的時間可能與前瞻性表述中預測或預期的結果大不相同。在其他事項中,本公司可能無法持續增長或基於許多因素實現盈利,這些因素包括但不限於我們將無法找到和收購使我們能夠盈利的業務和資產的風險。謹此參考公司最近提交給美國證券交易委員會的文件中提出的警示聲明。我們已經並將繼續在我們的發展階段產生鉅額支出,並指出不能保證我們將在短期和長期產生足夠的收入來抵消這些成本。新的業務線可能會讓我們面臨額外的法律和監管成本以及未知的風險敞口,其影響目前無法預測。

Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

例如“估計”、“計劃”、“預測”、“將”、“將”、“應該”、“可能”、“預期”、“計劃”、“打算”、“相信”、“預期”、“目標”表達事件或結果的預期性質的“可能”或類似表述通常表示前瞻性陳述。您不應過分依賴這些前瞻性陳述,這些陳述僅在本新聞稿發佈時發表。除非法律要求,否則我們不承擔因新信息、未來事件或其他原因而更新、修改或撤回任何前瞻性陳述的義務。

Global Tech Industries Group, Inc.s
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

環球科技工業集團公司
第六大道511號,800號套房
紐約州紐約市,郵編:10011
郵箱:info@gtii-us.com


譯文內容由第三人軟體翻譯。


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