$SIRC) Announces Share Buyback Program
EL CAJON, CA – Jul 28, 2021 (Investorideas.com Newswire) Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single installer solar and roofing systems company, today announced that the company has embarked on a share buyback program to reduce dilution through a series of purchases to sell shares of its common stock. to take.
The company is purchasing 5,000,000 preferred stock, convertible into 50,000,000 common stock, from Brian Milholland, who will retire as president of Solar Integrated Roofing Corp. but remains involved as an advisor to the company.
“In an effort to reduce dilution and increase shareholder value, the company will be making a series of share repurchases, beginning with the announced purchase of Brian’s preferred stock today. It has been a real privilege to work with Brian as his impact last year has been immeasurable in helping us build the business we are today we will certainly miss his full time support although we are agreeing to stay with us in an advisory role where his knowledge and expertise can continue to guide us We wish him all the best with his retirement,” said Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar and rooftop installation platform specializing in commercial and residential real estate in the United States. The company serves communities by delivering the best experience through constant innovation and legacy-focused leadership. The company’s wide range of solutions spans the sale and installation of solar energy systems, backup batteries and charging stations for electric vehicles (EVs) to roofing, HVAC and related electrical installation work. For more information, visit the company’s website at: www.solarintegratedroofing.com.
Any statements in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995, in reference to potential developments affecting the business, prospects, financial condition and other aspects of the business to which this release relates. Actual results of the specific items described in this press release, and the Company’s operations in general, may differ materially from those projected in such forward-looking statements. While such statements are based on the best judgment of the company’s management as of the date of this press release, significant differences in size, timing and other factors could arise from business risks and uncertainties, including, but not limited to, reliance on the business of third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of income and other factors, many of which are beyond the company’s control. The company disclaims any obligation to update the information in any forward-looking statement. This press release should not be regarded as a general request.
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