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The preferred shares are convertible into shares of Company common stock, including on a mandatory basis upon the occurrence of an uplisting to the NASDAQ or NYSE stock exchanges. The preferred shares may not be converted for a period of one year, but are, thereafter, convertible into shares of Company common stock. Further information concerning this restructuring is available in the Company’s filed Current Report on Form 8-K.
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Auto Parts 4
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the
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Auto Parts 4
Email: investorrelations@ap4less.com
Source:
2024 GlobeNewswire, Inc., source
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Read More: Auto Parts 4 Less Group Inc. Announces Major Debt Restructuring and Continuation of Growth Strategy
2024-02-20 14:03:11