Winvest Group Ltd. executed a significant capital restructuring by rescinding and canceling 175,890,000 shares of common stock. Additionally, 3,517,800 shares of Series A Preferred Stock, previously held by its directors, were returned to authorized shares. This move effectively reduces the total number of outstanding shares.
The initial transaction occurred on October 18, 2024, with the cancellation being officially processed by the transfer agent on October 29, 2024. This action was conducted in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.
This share cancellation can be viewed as a measure to consolidate equity and potentially enhance value for remaining shareholders. By reducing the share count, the company aims to improve its capital structure.
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