Fast Moving Consumer Goods Inc Reduces Share Count by 43.55%

Fast Moving Consumer Goods, Inc. has significantly reduced its share count by retiring 29,014,347,766 common shares, representing 43.55% of all issued and outstanding common stock. The shares were held by four individuals, and the transaction has reduced the total outstanding common shares to 37,609,403,132.

As part of the transaction, the holders of the retired shares 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.

Fast Moving Consumer Goods, Inc. 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 goods brand, including beverages, beauty products, nutritional supplements, and spirits. The company provides services such as 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.

The reduction in common stock is part of the company's ongoing efforts to streamline its capital structure and enhance its strategic flexibility. Piancone emphasized that the move is aimed at positioning the company for future growth opportunities and strengthening its core business.