New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, introduced in the present day that administration, after additional market research and enter from its authorized workforce, has determined that it’s in the most effective curiosity of the shareholders of the Company to maintain the unique train worth of the warrants it distributed final 12 months (the “Warrants”). Such resolution was made as a result of the frequent inventory underlying the Warrants have been registered with the Securities and Exchange Commission (the “SEC”) in a registration assertion on Form S-1 (the “S-1”) that was declared efficient on August 26, 2021 with an train worth of $2.75. A change to that train worth would require an modification to the S-1, which might trigger the shares frequent inventory issued pursuant to a new train worth to not be registered on the time of issuance. As the warrant distribution was initially instituted to reward loyal shareholders and permit them to commerce the registered shares of frequent inventory underlying the Warrants, the change to the train worth has been deserted, and the Warrants will stay priced as registered for resale by the named promoting shareholders within the S-1. Therefore, such shareholders are eligible to train their Warrants on the preliminary train worth, and obtain shares of frequent inventory registered for resale within the S-1 by contacting Liberty Stock Transfer, Inc. (“Liberty”), the corporate’s switch agent.
Please contact Liberty Stock Transfer, Inc. (“Liberty”) for extra data on the following handle: Gtiiwarrants@libertystocktransfer.com,
About Global Tech Industries Group, Inc.:
GTII is a publicly traded Company included within the state of Nevada, specializing within the pursuit of buying new and modern applied sciences. Visit GTII right here https://gtii-us.com/.
Please observe our Company at: www.otcmarkets.com/inventory/GTII or at https://gtii-us.com/
Safe Harbor Forward-Looking Statements:
This press launch might include ahead wanting statements which are based mostly on present expectations, forecasts, and assumptions that contain dangers in addition to uncertainties that would trigger precise outcomes and outcomes to vary materially from these anticipated or anticipated, together with statements associated to the quantity and timing of anticipated revenues associated to our monetary efficiency, anticipated revenue, distributions, and future development for upcoming quarterly and annual durations. These dangers and uncertainties are additional outlined in filings and reviews by the Company with the U.S. Securities and Exchange Commission (SEC). Actual outcomes and the timing of sure occasions might differ materially from these projected in or contemplated by the forward-looking statements resulting from a variety of components detailed from time to time in our filings with the SEC. Among different issues, the Company might not be capable to maintain development or obtain profitability based mostly upon many components together with however not restricted to the chance that we will be unable to seek out and purchase companies and belongings that may allow us to develop into worthwhile. Reference is hereby made to cautionary statements set forth within the Company’s most up-to-date SEC filings. We have incurred and can proceed to incur vital bills in our improvement stage, noting that there isn’t a assurance that we are going to generate sufficient revenues to offset these prices in each the close to and long run. New strains of business might expose us to extra authorized and regulatory prices and unknown publicity(s), the affect of which can’t be predicted presently.
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Global Tech Industries Group, Inc.s
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