Great Plains Holdings, Inc. just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
All proceeds from the resale of the shares
of our Common Stock offered by this prospectus will belong to the Selling Stockholders. We will not receive any proceeds from the
resale of the shares of our Common Stock by the Selling Stockholders.
We will receive proceeds from any cash
exercise of the Warrants. If all such Warrants are fully exercised on a cash basis, we will receive gross cash proceeds of approximatel y
$4.50 per Warrant exercised. We expect to use the proceeds from the exercise of such warrants, if any, for general corporate purposes.
General corporate purposes may include providing working capital, funding capital expenditures, or paying for acquisitions. We
currently do not have any arrangements or agreements for any acquisitions. We cannot precisely estimate the allocation of the net
proceeds from any exercise of the warrants for cash. Accordingly, in the event the Warrants are exercised for cash, our management
will have broad discretion in the application of the net proceeds of such exercises. There is no assurance that the Warrants will
ever be exercised for cash.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Statement of changes in beneficial ownership of securities - April 19, 2021
Great Plains Holdings, Inc.'s CHIEF EXECUTIVE OFFICER just picked up 1,000 shares - April 15, 2021
Great Plains Holdings, Inc.'s CHIEF EXECUTIVE OFFICER just picked up 1,034 shares - April 14, 2021
Great Plains Holdings, Inc.'s President just picked up 1,165 shares - April 14, 2021
Great Plains Holdings, Inc.'s CHIEF EXECUTIVE OFFICER just picked up 2,503 shares - April 13, 2021