Atlanta, GA -- February 28, 2025
-- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC
Pink: VAYK) ("VAYK") announces that its management has proposed
a stock repurchase program, under which the company will buy back
through private deals up to 100 million shares, and will
subsequently cancel these shares.
The program is
offered to shareholders who individually own more than 20 million
shares, or to groups of no more than five shareholders collectively
owning more than 40 million shares. Participating shareholders must
be willing to sell all their shares back to the company at a
discounted price. The repurchased shares will then be canceled,
reducing the total number of outstanding shares.
The program is
subject to approval of the Board of Directors at the upcoming board
meeting in mid-March, which will include newly elected board
members.
"If you are a
shareholder owning more than 20 million shares, or a group of fewer
than six shareholders collectively owning more than 40 million
shares, please reach out to us before the board meeting," announced
Stephanie Anderl, Interim CEO of VAYK. "Our board will review the
feasibility of the proposal, including whether we have enough
shareholders willing to sell their shares back to the company. So
please contact us immediately."
Ms. Anderl
highlighted that this program would benefit participating
shareholders by allowing them to cash in their positions
immediately, rather than selling in small increments over an
extended time, which can sometimes take several months or even
longer.
"This will, in
particular, be a good opportunity for shareholders who have no
intention of long-term investment and wish to liquidate their
positions in our company promptly," says Anderl.
As a trade-off, the
repurchase price will be discounted against the current market
price. Anderl did not disclose the acceptable price for the
company but emphasized that the discount would be "substantial" and
subject to negotiation between the company and participating
shareholders.
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
VAYK Contact:
Contact@Vaycaychella.com