Starfleet Innotech announces authorization of a new class of

NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC Pink: SFIO) today announced the successful partial amendment of its articles of association, creating a new share class to support its continued fundraising efforts. As part of this amendment, the Company has authorized 310,000,000 Series B Preferred Stock convertible at a rate of 10 Common Shares for each individual Full Voting Preferred Stock.

“With approval from NVSOS, these new authorizations will allow us to pursue more strategic acquisitions as well as bring onboard new officers and key partners,” said Jeths Lacson, CEO of Starfleet Innotech. According to Lacson, approximately 300,000,000 common shares (restricted) issued to existing executives and key partners will be converted into this new class of preferred stock. These shares are subject to a minimum 12-month moratorium on sales, additional selling restrictions and an opportunity to convert into common stock beyond the moratorium, and a right of first refusal for the Company to repurchase any shares offered.

For media inquiries please contact:
Craymond Yeong, PR and Marketing Specialist
Starfleet Innotech, Inc.
Telephone: (+64) 21 0833 2966
Twitter: @SFIO_Inc
Facebook: @starfleetinnotech
YouTube: SFIO

Around Starfleet Innotechinc
Starfleet Innotech, Inc. (OTC: SFIO) is a global private equity firm focused on innovation through disruptive collaborations across its three key industries: food and beverage (F&B), real estate and technology. With a strong presence in New Zealand, Australia, Malaysia, the United Arab Emirates, the United States and the Philippines, SFIO makes strategic investments in high-growth companies and builds synergies across its diverse portfolio to provide maximum shareholder value. Guided by heritage, fueled by innovation and enabled by collaboration, SFIO is on a rapid growth path to build a thriving global business ecosystem and shape the future of its core industries.


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