SCOTTSDALE, Ariz., March 26, 2024 (GLOBE NEWSWIRE) — via IBN — Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”), has successfully expanded its stock offering through the filing of a Tier 1 Registration A Offering Statement (Reg. A) and an Employee Stock Ownership Program (ESOP). Collectively, the two programs will open up the Company’s current float and trading pool with up to 160,000,000 free trading shares. The Reg. A can potentially provide new investment funds into the company to support operations and expansion efforts, and the ESOP allows Lelantos to provide key employees, consultants, and advisors additional benefits within the public company for substantive efforts that advance the goals and growth of the entity.
SEC Form 1-A, also known as a Registration A Offering, is a filing with the Securities and Exchange Commission (SEC) by entities seeking exemption for registration requirements for certain public offerings. The exemption allows securities issued through the registration to be unrestricted and freely tradeable upon purchase. Securities issued in reliance upon Regulation A provisions must provide investors with an offering statement that meets the requirements of Form 1-A. The form is also known as the “Regulation A Offering Statement” under the Securities Exchange Act of 1933. Lelantos has successfully filed both Form 1-A and the Regulation A Offering Statement and is authorized to issue securities through the registration.An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock. ESOPs give the sponsoring company—the selling shareholder—and participants various tax benefits, making them qualified plans, and are often used by employers as a corporate finance strategy to align the interests of their employees with those of their shareholders. Lelantos has structured its ESOP in a specific manner to provide ownership benefits directly to the employees, consultants, and advisors who are driving growth for the Company.[email protected] Angeles, California
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