SPARKS, Nev., April 20, 2021 /PRNewswire/ — Gen2 Technologies Inc. (the «Company») (OTC: MNIZ) is pleased to inform its shareholders that as a result of improved prospects both for significant non-dilutive financing and operational cash flow in the near to mid-term, the Company will be dramatically cutting its previously announced Reg A equity offering to a maximum amount of $750k.
This action represents a total reduction of over $5m from the previously announced $6m Reg A offering amount and will be reflected in future regulatory filings.
Management will be taking this action whilst separately pursuing its previously discussed plans for a 3:1 forward stock split and uplisting to the OTCQB.
For further queries, please feel free to email the Company at: email@example.com
Gen2 Technologies Inc. (OTC PINK: MNIZ), aims to be a leader in the next phase of the digital age. Leveraging a portfolio of Intellectual Property (IP) covering camera, radio, distribution and blockchain technology, Gen2 Technologies will offer a superior user experience addressing a number of use cases across consumer, corporate and governmental end-markets. Our innovative first-mover Iris Media Network, employing our miniature body-worn Iris cameras, is positioned to disrupt the market for sports content and social media. Our IP focused on eKYC and best of breed aim / click / capture of still and video imagery directly into blockchain-enabled native format aims to address the high-potential of use cases such as digital COVID vaccination cards and superior NFT creation and management platforms.
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.
SOURCE Gen2 Technologies Inc.