 Naples, FL, Might 19, 2024 (GLOBE NEWSWIRE) —  Music Licensing, Inc. (OTC: SONGD) as we speak publicizes a big milestone in its company restructuring, as the corporate prepares to execute a 1-for-500,000 reverse inventory cut up efficient Might 20, 2024. This strategic transfer is aimed toward optimizing shareholder worth and enhancing the corporate’s monetary place.
Following the reverse inventory cut up, Music Licensing, Inc. could have roughly 6,004 Frequent Shares excellent, a considerable discount from its earlier rely. The short-term change within the firm’s inventory image to (OTC: SONGD) for about 20 days displays this transition interval.
As a part of the reverse inventory cut up, fractional shareholders will likely be supplied with a money cost in lieu of a round-up of fractional shares., in accordance with the corporate’s disclosures in its SEC filings. This demonstrates Music Licensing, Inc.’s dedication to equity and transparency in its company actions.
Primarily based on the Might seventeenth, 2024 Closing Value, Music Licensing, Inc. (OTC: SONGD) anticipates its share worth to open at $100 USD per share. With solely roughly 6,004 Frequent Shares excellent, this transfer is anticipated to additional consolidate the corporate’s market place and improve shareholder worth.
Moreover, Music Licensing, Inc. intends to pursue a long-term buyback program, topic to board approval and regulatory compliance. The corporate will actively search to retain a Dealer-Seller or Funding Financial institution to implement this program, demonstrating its dedication to maximizing shareholder returns.
As well as, Music Licensing, Inc. plans to considerably cut back its variety of approved shares pending board approval. Updates on this initiative will comply with shortly, underscoring the corporate’s dedication to prudent company governance and efficient capital administration.
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As a part of the reverse inventory cut up, Music Licensing, Inc.’s CUSIP has modified to CUSIP: 67075W207. Shareholders are inspired to replace their data accordingly.
About Music Licensing, Inc. (OTC: SONG) (OTC: SONGD) (ProMusicRights.com)
Music Licensing, Inc. (OTC: SONG) a diversified holding firm, also called Professional Music Rights, is the fifth public efficiency rights group (PRO) to be shaped in america. Its licensees embrace notable corporations reminiscent of TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and plenty of others. Professional Music Rights holds an estimated market share of seven.4% in america, representing over 2,500,000 works that characteristic notable artists reminiscent of A$AP Rocky, Wiz Khalifa, Pharrell, Younger Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Fact, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Wealthy The Child, Fats Trel, Younger Scooter, Nipsey Hussle, Well-known Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Younger Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Cash Man, Dej Loaf, Lil Uzi Vert, and numerous others, in addition to Synthetic Intelligence (A.I.) Created Music. Moreover, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic in addition to musical works by artists reminiscent of Elton John, Lil Nas X, Miley Cyrus, Lil Wayne, XXXTentacion, Halsey, and quite a few others.
Ahead-Wanting Statements:
This press launch comprises sure forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Alternate Act of 1934, that are supposed to be coated by the protected harbors created thereby. Buyers are cautioned that, all forward-looking statements contain dangers and uncertainties, together with with out limitation, the flexibility of Music Licensing, Inc. & Professional Music Rights, Inc. to perform its said plan of enterprise. Music Licensing, Inc. & Professional Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are cheap, any of the assumptions might be inaccurate, and subsequently, there will be no assurance that the forward-looking statements included on this press launch will show to be correct. In gentle of the numerous uncertainties inherent within the forward-looking statements included herein, the inclusion of such info shouldn’t be considered a illustration by Professional Music Rights, Inc., Music Licensing, Inc., or another particular person.
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Non-Authorized Recommendation Disclosure:
This press launch doesn’t represent authorized recommendation, and readers are suggested to hunt authorized counsel for any authorized issues or questions associated to the content material herein.
Non-Funding Recommendation Disclosure:
This communication is meant solely for informational functions and doesn’t in any approach indicate or represent a advice or solicitation for the acquisition or sale of any securities, commodities, bonds, choices, derivatives, or another funding merchandise. Any selections associated to investments must be made after thorough analysis and session with a professional monetary advisor or skilled. We assume no legal responsibility for any actions taken or not taken primarily based on the knowledge offered on this communication
Contact: buyers@ProMusicRights.com
SOURCE: Â Music Licensing, Inc.
