NeuralBase AI Ltd. (OTC: NBBI), a leader in the development of secure and scalable conversational AI systems, has taken a significant step towards strengthening its capital structure and aligning leadership interests with those of its shareholders. The company's Board of Directors has approved the cancellation of 20,000,000 restricted common shares and 4,000,000 Series A Preferred shares, all personally held by the Company’s Chief Executive Officer, Vighnesh Dobale. This decision is currently in process and is expected to be finalized shortly.
This strategic move is designed to significantly reduce shareholder dilution and enhance the Company’s capital structure. It represents a deliberate and disciplined approach to capital management as NeuralBase AI enters its next phase of development and innovation in the AI sector. The cancellation of these shares underscores the CEO's commitment to the future of NeuralBase AI and to the investors who support the company's mission. Dobale stated, "By voluntarily cancelling these shares, I am not only reinforcing my confidence in our business model and the value of what we are building, but also taking a concrete step to align my own interests with those of our shareholders."
Once the cancellation process is complete, the updated share structure will be reflected in the Company’s next filing on EDGAR and on www.otcmarkets.com. Investors and interested parties can find additional information about NeuralBase AI Ltd. by visiting https://www.neuralbase.ai or the SEC’s EDGAR database at https://www.sec.gov.
This announcement is a clear indication of NeuralBase AI's commitment to transparency, accountability, and the long-term success of its shareholders. It also highlights the company's strategic focus on innovation and growth in the competitive AI sector. The cancellation of these shares is more than a symbolic act; it is a strategic move that strengthens the company's foundation and demonstrates that leadership starts with accountability.
