FORT LAUDERDALE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- via IBN -- FAVO Capital, Inc. (OTC: FAVO), a publicly traded private credit firm specializing in merchant cash advances (MCAs) and revenue-based financing for underserved small and medium-sized businesses (SMBs), today announced the voluntary conversion of all outstanding Super Voting Series C Preferred Shares into common stock.
The corporate governance action simplifies the Company’s capital structure and aligns voting rights more closely with public market expectations. The move is a proactive step as the Company continues preparations for its planned uplisting to the Nasdaq Capital Market.
“Converting our Series C Super Voting Shares demonstrates our commitment to transparency, governance and best practices as well as long-term value creation,” said Vincent Napolitano, CEO of FAVO Capital. “It’s another important step forward as we align our structure with shareholder and institutional investor expectations.”
The conversion eliminates all outstanding Series C Preferred stock with its super voting rights, improving accessibility and aligning with broader market standards for public company governance.
About FAVO Capital, Inc.
FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has supported more than 10,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic.
For more information, visit www.favocapital.com and follow us on LinkedIn and X.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as "expects," "anticipates," "intends," "believes," "plans," "seeks," "estimates," "may," "will," "should," or similar expressions.
These statements are based on the company's current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company's ability to execute its business strategy.
Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.
Company Contact:
FAVO Capital, Inc.
4300 N University Drive
D-105
Lauderhill, FL 33351
Investor Relations:
Scott McGowan
InvestorBrandNetwork (IBN)
Phone: 310.299.1717
ir@favocapital.com
