Pan Global Corp. (PGLO) Discusses Capitalization Benefit of Recent Reduction of Issued and Outstanding Shares
Pan Global Corp., a company that focuses on building environmentally sustainable energy sources and technologies, today discussed its recent reduction of issued and outstanding common shares from 455,155,000 to 155,155,000. The company recently finalized a common stock for preferred stock exchange agreement with its majority shareholder to exchange 300,000,000 common shares for 3,000,000 shares of Series C Convertible Preferred Shares. Pan Global Corp. noted the benefits of this agreement for its future enterprises and its shareholders. Lessening its amount of outstanding common shares strengthens and bolsters its cap structure, which will be an asset in helping the company in its…