Industrial Nanotech (OTC: INTK), a global nanoscience solutions and research leader, today announced the launch of a stock buyback program effective June 1, 2022. According to the announcement, the purpose of the program is to reduce the total amount of the company’s issued and outstanding shares of common stock, enhance shareholder value and strategically position Industrial Nanotech for up-listing to a more senior exchange in early 2023. “By using our strong balance sheet to reduce the number of outstanding common shares, we can increase shareholder value, while maintaining sufficient cash reserves to fund our global business operations. We will buy back as many shares as possible and as fast as we can,” said Stuart Burchill, CEO of Industrial Nanotech. “Under the program, stock buybacks will be made according to very specific terms and provisions to comply with the rules and regulations outlined by the SEC and all other applicable legal requirements. We believe the stock buyback program demonstrates our continued commitment to deliver long-term shareholder value.”
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About Industrial Nanotech Inc.
Industrial Nanotech is a global nanoscience solution and product development leader. For more information, visit the company’s website at www.Industrial-Nanotech.com.
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