SecureTech Completes Phase 1 of Share Reduction Program
Phase 1 Achieves 55% Reduction in Shares
Roseville, Minnesota, Feb. 19, 2025 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH), a pioneering force in blockchain, Web3, and cybersecurity technologies and platforms, is pleased to announce the successful completion of Phase 1 of its 2025 Share Reduction Program.
During Phase 1, SecureTech canceled 43,100,000 shares of its common stock, resulting in a 55% reduction in the total number of shares. As of today, SecureTech has 35,309,329 issued and outstanding shares of common stock.
Phase 2 of the 2025 Share Reduction Program is expected to be completed by Q3 2025. Currently, SecureTech has received commitments from several shareholders to cancel an additional 18,100,000 shares of its common stock upon achieving certain milestones outlined in the 2025 Roadmap. SecureTech will provide further updates through official press releases and SEC filings as these milestones are reached.
J. Scott Sitra, President and CEO of SecureTech, stated, 'This marks a significant step forward in our 2025 Roadmap for Innovation and Growth. With this substantial share reduction, SecureTech is better positioned to pursue our recapitalization plans, which include securing new major sources of investment capital and rapidly growing the company through targeted strategic acquisitions.'
Mr. Sitra added, 'For our dedicated shareholders, completing these next few steps will bring us much closer to our longer-term objective of uplisting to the NASDAQ or NYSE stock exchange later this year. This milestone will facilitate broader acceptance and trading of SCTH shares among most U.S. stockbrokers.'
About SecureTech Innovations
SecureTech Innovations, Inc. is a pioneering innovator in blockchain, Web3, and cybersecurity technologies. Through its Piranha Blockchain subsidiary, it is developing cutting-edge technologies and platforms to securely store and transfer digital assets and enhance online privacy and protections. Additionally, SecureTech is known for its groundbreaking safety device, Top Kontrol®, an advanced anti-theft and anti-carjacking system designed to preserve life and protect property. For more information, visit securetechinnovations.com, piranhablockchain.com, and topkontrol.com.
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements refer to future events, expectations, plans, and prospects. SecureTech Innovations, Inc. ('SecureTech') believes the expectations reflected in these forward-looking statements are reasonable as of the date they are made. However, actual results may differ materially from those expressed or implied by these forward-looking statements. SecureTech identifies forward-looking statements with words like 'believes,' 'estimates,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,' 'potential,' 'may,' 'could,' 'might,' 'will,' 'should,' 'approximately,' and similar expressions that convey uncertainty about future events or outcomes. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including market conditions and other circumstances. More detailed information about SecureTech and the risks that may affect these forward-looking statements can be found in SecureTech's filings with the Securities and Exchange Commission ('SEC'), including the risks contained in the section of our Annual Report filed on Form 10-K entitled 'Risk Factors.' These filings are available on the SEC's website at www.sec.gov.
Forward-looking statements in this press release speak only as of the date they are made. SecureTech has no obligation to update any forward-looking statements to reflect new events or circumstances after the date of this press release, except as required by law.
Investor Relations
+1 (651) 317-8990ir@securetechinnovations.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Gatorade® and F1 ACADEMY™ Launch Groundbreaking Partnership to Fuel the Future of Women's Racing
The 5.5-year collaboration will bring elite sports science, hydration expertise, and global visibility to the next generation of female F1 drivers. Gatorade® becomes the first-ever official sports drink partner of F1 ACADEMY™, marking a groundbreaking collaboration in women's motorsport. The partnership is part of Gatorade's Fuel Tomorrow initiative, aiming to provide 2.5 million teens with access to sports by 2030, now extending to supporting F1 ACADEMY's overarching mission of securing the next female driver on the Formula 1 grid. F1 ACADEMY drivers will benefit from Gatorade's elite sport science and hydration expertise, including personalised strategies and performance testing via the Gatorade Sport Science Institute. The collaboration kicks off with 16-year-old Wild Card driver Mathilda Paatz debuting the Gatorade-branded race car and suit at this weekend's Canadian Grand Prix. LONDON, June 12, 2025 /CNW/ -- Gatorade® has announced a landmark partnership with the F1 ACADEMY™ until 2030, becoming the first-ever official sports drink partner of F1 ACADEMY. This pioneering collaboration goes far beyond branding, leveraging Gatorade's world-class sports science and hydration expertise to fuel the next generation of elite female drivers. As one of the most physically and mentally demanding sports in the world, Formula 1 requires peak performance under extreme conditions, with hydration being one of the most important factors for athlete success. It is estimated that drivers can lose up to 4 kilograms of body weight through sweat during a single race1. Through the partnership, F1 ACADEMY drivers will gain access to the Gatorade Sport Science Institute's industry-leading expertise, including personalised hydration strategies, performance testing, and cutting-edge research to help them perform at their peak. This partnership is part of Gatorade's Fuel Tomorrow initiative, which aims to provide 2.5 million teens with access to sports by 2030. By supporting F1 ACADEMY, Gatorade is helping to break down barriers in motorsport and inspire young women around the world to pursue their potential. Commencing from the 2026 season, Gatorade will deliver a full-scale performance driven partnership with F1 ACADEMY, including: Driver and race car sponsorship – supporting a rising talent on the 2026 F1 ACADEMY grid with a bespoke livery and race suit to help amplify their talent on the global stage Bespoke hydration research – understanding the unique hydration needs of young female drivers Offering backed-by-science driver hydration and nutrition guidance – providing hydration solutions to optimise driver performance and recovery Umi Patel, PepsiCo's Vice President of Marketing Innovation and Hydration Brands, said: "Partnering with F1 ACADEMY is a powerful moment for Gatorade. Motorsport is one of the most physically demanding sports on the planet, where optimum hydration can be the difference between winning and losing. This partnership allows us to bring our decades of sports science expertise directly to the next generation of elite drivers. By supporting young women at the start of their motorsport journey, we're not just setting them up for success at such a pivotal part of their career, we are encouraging them to see what is in them and fuel their drive and ambition for success. That's what our Fuel Tomorrow initiative is all about." To celebrate the partnership, F1 ACADEMY Wild Card driver Mathilda Paatz will debut the Gatorade race car and suit at this weekend's Canadian Grand Prix in Montreal. The 16-year-old from Cologne, Germany, will drive the branded car around one of the most iconic tracks on the F1 calendar, marking the start of this landmark collaboration in front of F1's millions of fans across the globe. Wild Card driver, Mathilda Paatz said: "I'm beyond excited to have been selected as the Wild Card driver for Round 4 of F1 ACADEMY at the Canadian Grand Prix, driving the Gatorade race car. Growing up, I was captivated by the theatre of racing – the energy, the passion, and how drivers carried the pride of their teams. To now be racing on a Formula 1 weekend, with fans around the world watching, is a dream come true. I'm especially proud to partner with Gatorade, a brand that's championed athletes at every level and is helping pave the way for the next generation of women in motorsport." The announcement of this milestone partnership comes at a time of significant audience growth for F1 ACADEMY, with the highly anticipated documentary, F1: THE ACADEMY, now streaming globally on Netflix, in addition to broadcasts in over 170 territories. "We're proud to welcome Gatorade to the F1 ACADEMY family," said Susie Wolff, Managing Director of F1 ACADEMY. "What has impressed me most about Gatorade is how seriously they're investing in our drivers, not just as athletes, but as individuals with incredible potential. This isn't a surface-level sponsorship, it's a deeply hands-on partnership that brings world-class hydration science and performance expertise directly to our paddock. With the world-class expertise of Gatorade, not only will our drivers be better equipped to perform at their peak, but they'll also gain knowledge and tools that will serve them throughout their careers." This collaboration follows PepsiCo's recently announced multi-year worldwide official partnership with F1, running until 2030. More details of the brand partnership and how Gatorade will be working with the F1 ACADEMY drivers will be shared in the lead-up to the sponsorship's official commencement in the 2026 Formula 1 Season. "At PepsiCo, we believe in the power of platforms and partnerships to shape the future of sport – and to do so with purpose," said Jane Wakely, PepsiCo's Chief Consumer and Marketing Officer. "This historic global partnership with F1, one of the world's fastest growing sports, is a bold step forward in our mission to fuel fandom, create culture-driving moments and incredible brand experiences on a global scale." 1Source: ESPN About PepsiCo PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $91 billion in net revenue in 2023, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the centre of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo. Photo - - - - - - View original content to download multimedia: SOURCE Gatorade View original content to download multimedia: Sign in to access your portfolio
Yahoo
37 minutes ago
- Yahoo
Why Waste Management stock has been anything but trash
Shares of Waste Management, Inc. (WM) — which does business as WM — are trading near an all-time high. WM CFO Devina Rankin sits down with Julie Hyman to uncover the so-called "why behind the high," sharing her insight into why this trash stock has proven to be a treasure for investors. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Host Hotels & Resorts Announces Second Quarter Dividend
BETHESDA, Md., June 12, 2025 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the 'Company'), the nation's largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share. The dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025. ABOUT HOST HOTELS & RESORTS Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 76 properties in the United States and five properties internationally totaling approximately 43,400 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures. SOURAV GHOSHChief Financial Officer(240) 744-5267 JAIME MARCUSInvestor Relations(240) 744-5117ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
