American Marconi Wireless News - Fast Moving Consumer Goods, Inc. Announces Reduction in Common Stock

Company Chief Executive Officer, Sandro Piancone, commented, "This capital restructuring opens the path for the company to either effectuate future mergers or raise capital as we seek to build our core business of providing custom formulation, supply‑chain management, brand development, mentoring, mastermind programs, and related commercial support services to consumer‑product clients."

As consideration for retiring these common shares, the holders were issued an aggregate total of 1,000,000 shares of Series D Preferred Stock. The Series D Preferred Stock grants its holders, in aggregate, voting rights equal to 43.55% of all votes cast on shareholder matters, thus preserving the voting rights the shareholders had prior to surrendering their common shares. The Series D Preferred Stock further grants its holders the right to approve any future issuances of securities or corporate actions that could dilute their voting block.

About Fast Moving Consumer Goods, Inc.
Fast Moving Consumer Goods is a nationwide ecosystem created to educate and support new founders, celebrities, CEOs and doctors engaged in the formulation, manufacturing, launching and scaling of their fast moving consumer good's brand including beverages, beauty products, nutritional supplements, and spirits. FMCG provides beverage development and formulation, beverage manufacturing, nutritional supplement development and production, beauty products development, TikTok Live Selling, retail sales and wholesale distribution management. FMCG is the nation's first fast moving consumer goods incubator.

Media Contact
Sandro Piancone
CEO
Fast Moving Consumer Goods, Inc.
[email protected]
(619) 975-6556
www.FMCGstock.com

SOURCE: Fast Moving Consumer Goods, Inc.

View the original press release on ACCESS Newswire

Y.Nakamura--AMWN