Lelantos Holdings (OTC: LNTO) has expanded its stock offering through the filing of a tier 1 Registration A Offering Statement (Reg. A) as well as an Employee Stock Ownership Program (“ESOP”). According to the announcement, the two programs will “open up” the company’s current float and trading pool with up to 160 million free trading shares. The Reg. A is a filing with the U.S. Securities and Exchange Commission (“SEC”) that seeks an exemption for registration requirements for certain public offerings. Lelantos has filed for the tier 1 offering, which includes an offering price cap of $20 million for sales of securities offered over a 12-month period. The Lelantos ESOP ties distributions from the plan to vesting and is designed to help employees, consultants and advisors who contribute to the success of the company feel more appreciated and better compensated for the work they do. “The Registration A Offering Statement and ESOP provide our company with powerful tools to garner investment and leverage benefits, respectively, for the people, groups and partnering entities who are pushing the expansion of our business,” said Lelantos Holdings CEO Nathan Puente in the press release. “We look forward to opening up the unrestricted Reg. A shares to our existing shareholder base as well as newly interested parties to help us further achieve our 2024 goals.”
To view the full press release, visit https://ibn.fm/0EGUt
About Lelantos Holdings Inc.
Lelantos Holdings was founded in the spirit of “solution hunting” and features an innovative business structure that is purpose-built to acquire or joint venture with established entities in strategic market sectors. With a focus on sustainable energy, Lelantos Holdings has a mission of being at the forefront of innovation in a dynamic industry, and the goal of operating as a vertically integrated entity to reduce overhead and increase service offerings. The Company’s overall vision has been collectively developed by a seasoned management team over the past decade to culminate its current operations, foster innovation, and advance technological developments. For more information about the company, please visit www.LelantosHoldings.io.
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