Breaking News: HNO International Reduces Outstanding Shares by 82% – A Major Milestone Achieved with Exchange of 360 Million Shares!
HOUSTON , Jan. 3, 2025 /PRNewswire/ — HNO International, Inc. (OTC Pink: HNOI) (the “Company”), a leader in hydrogen-based clean energy technologies, announces a major reduction in the outstanding shares of Common Stock of the Company. After the return exchange of 360 million shares of Common Stock owned by Donald Owens, Chairman of the Board of Directors and CEO of the Company and an affiliated entity, for shares of newly designated Series B Convertible Preferred Stock, the new number of outstanding shares of Common Stock is roughly 74 million shares.
Impact on You:
As a shareholder or potential investor of HNO International, this reduction in outstanding shares is great news. With fewer shares in circulation, the value of each share is likely to increase, potentially benefiting your investment in the company. This move reflects positively on the company’s financial management and could lead to increased investor confidence in the future prospects of HNO International.
Impact on the World:
On a broader scale, HNO International’s decision to reduce outstanding shares demonstrates a commitment to financial stability and growth. As a leader in clean energy technologies, the company’s success in this endeavor could inspire other companies in the industry to prioritize efficiency and strategic decision-making. This could have a ripple effect across the clean energy sector, leading to more sustainable and responsible business practices.
Conclusion:
The reduction of outstanding shares by HNO International marks a significant milestone for the company and its stakeholders. This move not only benefits individual shareholders by potentially increasing the value of their investments but also sets a positive example for the industry as a whole. As we move towards a more sustainable future, actions like this will play a crucial role in shaping the business landscape and driving positive change.
