Utilicraft Aerospace Industries Inc (UITA)

[retireat40]

After careful consideration, our Board of Directors (the “Board”) believes that the costs associated with being a public reporting company in the U.S. are not justified by the benefits to the Company and its shareholders. The primary purpose of the Transaction is to reduce the number of record holders of the Company’s common and preferred stock, par value $0.0001 per share to fewer than 500, allowing the Company to terminate the registration of its Stock, par value $0.0001 per share, under 12(g) of the Exchange Act and to suspend its reporting obligations under Section 15 (d) of the Exchange Act.