Adaptive Medias is pleased to announce to its shareholders, that the company has successfully managed through the stock dilution by LAM Livingston Asset Management, LLC
In December 2017, the company commenced decreasing $696,606.85 of its debt, by issuing common stock to its debt holder, Livingston Asset Management, LLC
The 1.27 billion shares issued to LAM, had ultimately placed downward pressure on the price of the company's stock.
Adaptive Medias is proud to announce that the issuance of shares is now complete as of this writing.
For those concerned about the risks from the stock dilution, you can be assured that the company, will now grow at a pace, that will outstrip the value lost through dilution, as we now have real potential for long-term return.
On December 5, 2017, Adaptive Medias, Inc., a Nevada Corporation (the “Company”) entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Livingston Asset Management, LLC, a Florida limited liability company (“LAM”), to which the Company agreed to issue common stock to LAM in exchange for the settlement of $696,606.85 (the “Settlement Amount”) of past-due obligations and accounts payable of the Company.
To the terms of the Settlement Agreement approved by the LAM Order, on December 19, 2017, the Company agreed to issue LAM shares of the Company’s common stock (the “LAM Settlement Shares”), $0.00001 par value (the “Common Stock”).
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