Earth Science Tech, Inc. announced on August 19, 2025, that its Board of Directors approved a reduction of the company’s authorized shares of common stock. The authorized share count has been decreased from 350 million to 300 million shares. This strategic move is a direct reflection of the Board's confidence in the company's current trajectory.
Giorgio R. Saumat, CEO of ETST, stated that this action aligns with the company's goal of reducing the share count. He emphasized that it sends a clear signal to the investment community regarding the company's financial health and strategic plan. The reduction is intended to prevent unnecessary shareholder dilution.
With the company's outstanding share count at approximately 294.3 million, the Board determined that the previous authorization level of 350 million shares was no longer necessary. This decision underscores ETST's commitment to protecting long-term shareholder value and managing its capital structure effectively.
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