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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Mon, 27.01.2025       Metavesco
US9418721034

CUMMING, Ga., Jan. 27, 2025 /PRNewswire/ -- Metavesco, Inc. (OTC PINK: MVCO) ("Metavesco" or the "Company"), a trailblazing holding company dedicated to fostering growth in both digital and traditional sectors, is pleased to announce that the company will retire 3,759,829,140 common shares, which will come from shares personally paid for and owned by CEO Ryan Schadel. This move is part of a broader strategy to streamline the company's capital structure and enhance shareholder value.

In exchange for the retirement of the common shares, Schadel will receive 51 Series X Preferred Shares. These Series X Preferred Shares carry "super voting" rights, granting him 51% of the total voting power, effectively mirroring the voting rights that his common shares currently represent. Importantly, these preferred shares are non-convertible.

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