Gen2 Technologies (MNIZ) Announces Offering Change to Further Shareholder Value
HENDERSON, Nev., March 23, 2021 /PRNewswire/ — Gen2 Technologies Inc. (the “Company”) (OTC: MNIZ) is pleased to inform its loyal shareholders that subsequent to a review of capital policy following recent managerial and officer changes, the Company will be amending its Reg A offering filing amount from the previous $6m down to $2m in aggregate. Furthermore, management wishes to remind investors that it reserves the right to raise a materially lower amount than the aggregate limit.
Mr. Michael Kovacocy, CEO Gen2 Technologies stated, “We are continually evaluating our options to grow the business on shareholder accretive terms and avoiding dilution as much as possible. We have non-dilutive financing prospects such as our Iris Token which will now come layered with an NFT option which we feel will see substantial demand in the marketplace. For a company with our market capitalization currently circa mid single digits millions of USD, we find an offering of aggregate potential size of $6msends the wrong message regarding our discipline on capital usage and anti-dilution goals. Hence the maximum offer will be cut in size by 2/3.”
For further queries, please feel free to email the Company at: michael.kovacocy@gen2technologies.com
Gen2 Technologies Inc. (OTC PINK: MNIZ), The foregoing contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as “will,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “is targeting,” “may,” “should,” ”poised,” and other similar words or expressions. Forward-looking statements are made based upon management’s current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on Gen2 Technologies Inc.’s website, http://www.brkgen2.com does not constitute a part of this release.
Contact:
michael.kovacocy@gen2technologies.com
brkgen2.com
(440) 597-6150
SOURCE Gen2 Technologies Inc.
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