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Declared Stock Split Designed to Excite and Reward Shareholders
RIDGEFIELD, Conn. - Hartok -- Target Arm Inc., a pioneering company in AI-enhanced robotics and autonomy, is thrilled to announce a major milestone: the Board of Directors has declared an extraordinary 20:1 stock dividend. This means that shareholders will receive twenty additional shares of common stock for each share held as of the close of business on July 3, 2024.
Jeff McChesney, Chairman, CEO & Founder of Target Arm Inc., expressed his excitement, stating, "This stock dividend is a significant step in recognizing the trust and support of our current shareholders. It underscores the intrinsic value of their investments while making our stock more accessible and attractive to future investors. With four groundbreaking products in our portfolio, serving both commercial and government sectors, we are poised for remarkable growth. We invite new investors to join us on this exciting journey towards transforming the future with our innovative technologies."
More on hartok.com
The decision to declare this substantial stock dividend aims to enhance the affordability of Target Arm's common stock, opening doors for a broader base of potential investors. Importantly, this move will not alter the aggregate value of the shares held by existing shareholders immediately prior to the dividend. The ownership percentage for each shareholder remains unchanged, preserving the value and integrity of their investments.
Target Arm shareholders are not required to take any action regarding the stock dividend distribution or the related charter amendment. All adjustments to the company's stock register and stock or option certificates will be made automatically to reflect the increased number of shares resulting from the dividend.
About Target Arm
Target Arm is the leading AI-enhanced robotics and autonomy provider for drone launch and recovery systems while on-the-move. Combining our Tular device's extreme precision localization hardware with our TRACKR Sensor Fusion Engine, our TurboFly Wrap Around Flight Controller and our Maestro Mission Controller, Target Arm enables new mobility solutions for both military and commercial customers (Army vehicles, C-17 Arsenal Aircraft, convoy defense, package delivery, Oil & Gas inspections, energy, wind farms, police, fire fighters, etc.). Target Arm is a graduate of the 2020 Air Force Accelerator Powered by Techstars and the 2020 Endless Frontier Labs Accelerator, and was selected as a Most Fundable Company in 2020 by Pepperdine Graziadio Business School (https://www.linkedin.com/company/pepperdine-graziadio-business-school/) (from 4500+ competitors). For more information, visit www.targetarm.com.
Forward-Looking Statements:
This press release includes forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors.
Jeff McChesney, Chairman, CEO & Founder of Target Arm Inc., expressed his excitement, stating, "This stock dividend is a significant step in recognizing the trust and support of our current shareholders. It underscores the intrinsic value of their investments while making our stock more accessible and attractive to future investors. With four groundbreaking products in our portfolio, serving both commercial and government sectors, we are poised for remarkable growth. We invite new investors to join us on this exciting journey towards transforming the future with our innovative technologies."
More on hartok.com
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The decision to declare this substantial stock dividend aims to enhance the affordability of Target Arm's common stock, opening doors for a broader base of potential investors. Importantly, this move will not alter the aggregate value of the shares held by existing shareholders immediately prior to the dividend. The ownership percentage for each shareholder remains unchanged, preserving the value and integrity of their investments.
Target Arm shareholders are not required to take any action regarding the stock dividend distribution or the related charter amendment. All adjustments to the company's stock register and stock or option certificates will be made automatically to reflect the increased number of shares resulting from the dividend.
About Target Arm
Target Arm is the leading AI-enhanced robotics and autonomy provider for drone launch and recovery systems while on-the-move. Combining our Tular device's extreme precision localization hardware with our TRACKR Sensor Fusion Engine, our TurboFly Wrap Around Flight Controller and our Maestro Mission Controller, Target Arm enables new mobility solutions for both military and commercial customers (Army vehicles, C-17 Arsenal Aircraft, convoy defense, package delivery, Oil & Gas inspections, energy, wind farms, police, fire fighters, etc.). Target Arm is a graduate of the 2020 Air Force Accelerator Powered by Techstars and the 2020 Endless Frontier Labs Accelerator, and was selected as a Most Fundable Company in 2020 by Pepperdine Graziadio Business School (https://www.linkedin.com/company/pepperdine-graziadio-business-school/) (from 4500+ competitors). For more information, visit www.targetarm.com.
Forward-Looking Statements:
This press release includes forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors.
Source: Target Arm Inc.
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