New York, NY, October 2, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that management, after an additional market study and input from its legal team, has decided that it is in the best interest of the Company’s shareholders to maintain the original price of exercise of the warrants it distributed last year (the “Warrants”). Such decision was made because the common stock underlying the Warrants was registered with the Securities and Exchange Commission (the “SEC”) in a registration statement on Form S-1 (the “S-1”) that was declared effective on August 26. 2021 with a strike price of $2.75. A change in that exercise price would require an amendment to the S-1, which could result in shares of common stock issued pursuant to a new exercise price not being registered at the time of issuance. As the distribution of warrants was originally created to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the warrants, the change in the exercise price has been abandoned and the warrants will remain at the registered price for resale by the designated seller. shareholders of S-1. Therefore, these stockholders may exercise their Warrants at the initial exercise price and receive shares of common stock registered for resale on the S-1 by contacting Liberty Stock Transfer, Inc. (“Liberty”), the Company’s transfer agent.
Contact Liberty Stock Transfer, Inc. (“Liberty”) for more information at the following address: Gtiiwarrants@libertystocktransfer.com,
AAbout Global Tech Industries Group, Inc.:
GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
Follow our company at: www.otcmarkets.com/stock/GTII or https://gtii-us.com/
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Global Tech Industries Group, Inc.s
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