UAV
Corp. Retains Legal Counsel to Address Legacy
Debt from HTTI
Era
500
Million Authorized Shares Confirmed – UAV Corp. Delivers on
Strategic Commitments
WEWAHITCHKA & PORT
ST. JOE, FL -- January 31, 2025 -- InvestorsHub NewsWire -- UAV
Corp. (OTC:
UMAV) is taking decisive steps to fortify its financial
standing and continue its mission of delivering long-term value to
its shareholders. The company has retained legal counsel to address
legacy debt originating from the HTTI era. This action underscores
UAV Corp.'s ongoing commitment to financial transparency,
shareholder protection, and prudent corporate
governance.
Delivering on
Promises: Share Structure Reduced to 500 Million
As part of UAV Corp.'s
ongoing efforts to create a more transparent and sustainable
corporate structure, the company has successfully reduced its
authorized share count from 2 billion to 500 million. This
important milestone, now officially reflected on OTC Markets,
represents a significant achievement for the company. It highlights
UAV Corp.'s unwavering focus on ensuring a streamlined capital
structure that is aligned with the best interests of its
shareholders.
"Reducing the authorized
share count to 500 million is not just a technical move; it's a
reflection of our commitment to building a solid, sustainable
foundation for growth," Lawson continued. "Our focus is on
increasing shareholder value, and this strategic move will
contribute to that goal by minimizing unnecessary dilution and
maintaining a clear path forward for future
initiatives."
In line with its
commitment to transparency, UAV Corp. is also working closely with
its Transfer Agent to provide regular updates on its share count.
This initiative will ensure that shareholders receive the most
accurate and timely information, reinforcing the company's
dedication to full transparency and open communication.
A
Forward-Looking Strategy: Flight Tests and Expansion
In addition to resolving
legacy financial issues, UAV Corp. remains firmly focused on its
strategic growth initiatives. The company is preparing for its
highly anticipated flight tests in Gulf County, Florida—an exciting
milestone that will further solidify its standing as a leader in
aerospace and defense technology. These tests represent a critical
step in UAV Corp.'s expansion strategy and will play a key role in
positioning the company for future success in the global defense
and aerospace markets.
"We are entering an
exciting phase of development," said Lawson. "With our enhanced
capital structure and resolution of prior financial challenges, we
are positioned for a strong push forward. Our team is laser-focused
on executing our strategic initiatives, and we look forward to
sharing more exciting updates with our shareholders as we continue
to grow."
About
UAV Corp.
UAV Corp. is a pioneering
aerospace and defense company committed to developing cutting-edge
technology and innovative solutions. With a focus on delivering
long-term shareholder value, UAV Corp. continues to execute
strategic initiatives designed to strengthen its market position
and drive sustainable growth.
For more information,
please visit www.uavcorp.net
or follow our official channels.
UAV Corp
115 County Road
381
Wewahitchka, Florida
32465
(877) 425-1066
Forward-Looking
Statements:
This press release
contains forward-looking statements, including those regarding
anticipated contracts, government partnerships, and future
financial projections. These statements are based on current
expectations and assumptions, which may prove to be incorrect.
Actual results could differ materially from those expressed in
these forward-looking statements due to risks and uncertainties,
including market conditions, regulatory changes, and the company's
ability to execute its business plan. UAV Corp. undertakes no
obligation to update these statements except as required by
law.
