USVIHI22
5日前
Hey NWPG, update your share structure with the OTC. If you don't, many traders think you are hiding things and scumbags out to screw over retail.
Authorized Shares
400,000,000
05/14/2026
Outstanding Shares
263,938,553
05/14/2026
Restricted
189,054,653
05/14/2026
Unrestricted
74,883,900
05/14/2026
Held at DTC
90,417,023
05/14/2026
Trooperstocks
1月前
$NWPG News: Newport Gold Processing the Cancellation of Common Stock
Thursday, 04 June 2026 09:00 AM
Topic:
Company Update
Cancellation to Strengthen Shareholder Value and Eliminate Dilution Overhang
NORTH EAST, PA / ACCESS Newswire / June 4, 2026 / Newport Gold, Inc. (OTCID:NWPG), a diversified holding company focused on high-growth opportunities in automotive, data, and digital technology, today announced that it is in final processing of the cancellation of a significant block of Common Stock to be returned to treasury.
The Company has finalized a previous agreement with the stockholder who is now undertaking the necessary steps for the final cancellation process of up to 24,800,000 shares of Common Stock of the Company back to treasury (the "Share Cancellation"). This action by the Company underscores management's commitment to the long-term interests of Newport Gold's public shareholders and reflects their confidence in the Company's strategic direction.
Highlights and Benefits of Share Cancellation
Reduced Float: The permanent retirement of up to 24,800,000 shares directly reduces the total number of shares issued and outstanding, increasing each remaining shareholder's proportional ownership in the Company.
Enhanced Per-Share Metrics: With fewer shares in circulation, key per-share measures, including net asset value per share and any future earnings per share, are positively impacted, reflecting the full value of the Company's assets across a smaller share base.
Founder Alignment with Shareholders: The voluntary surrender and cancellation of these shares by insiders, without compensation, demonstrates a clear alignment of interest between the founding team and Newport Gold's public investor base.
Elimination of Dilution Overhang: The permanent removal of this share block eliminates potential dilution risk associated with insider holdings, providing greater transparency and confidence to current and prospective investors evaluating the Company's capital structure.
Signal of Long-Term Confidence: In the OTC, voluntary insider share cancellations are a rare and meaningful gesture. This action reflects the founders' belief that Newport Gold's underlying asset value and potential are best realized by concentrating ownership among committed long-term stakeholders.
"The cancellation of the 24.8 million shares of Common Stock represents our team's tangible commitment to the shareholders who have supported Newport Gold," said Chris Nichols, Executive Chairman of Newport Gold, Inc. "We believe this action reinforces that our interests are fully aligned with creating meaningful shareholder value. Every share that remains outstanding now carries a greater stake in what we are building long term."
Upon completion of this Share Cancellation, the Company will notify our public shareholders with a follow-up press release.
About Newport Gold, Inc. (OTCID:NWPG)
Newport Gold, Inc. (NewportGoldInvest.com) is a diversified holding company focused on high-growth opportunities in automotive, data, and digital technology. Evolved from its origins in mineral exploration, the company applies its asset-identification expertise to "mine" scalable opportunities in the digital economy through strategic acquisitions and investments.
About NFI Empire
NFI Empire (NFIEmpire.com) is the premier portfolio company of Newport Gold, Inc. - a North East, Pennsylvania-based custom automotive company known for exclusive builds, high-performance vehicles, and deep technical expertise. NFI Empire is an emerging leader across both traditional and digital automotive sectors.
Investor Relations: investor@NewportGoldInvest.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Terms such as "believe," "anticipate," "intend," "expect," "may," "project," and similar expressions identify forward-looking statements. These statements involve risks and uncertainties; actual results may differ materially from expectations. See the Company's SEC filings for risk factors. Newport Gold undertakes no obligation to update forward-looking statements except as required by law.
SOURCE: Newport Gold Inc.
ihubstockmover
1月前
$NWPG Newport Gold's NFI Empire Completes 61,000 Sq. Ft. Automotive Campus in Pennsylvania, Fueling 24-Month Expansion Strategy
Three adjacent facilities across 20+ acres give the custom automotive builder the space, land, and talent infrastructure to scale sales, production, digital operations, and technical development.
NORTH EAST, PA / ACCESS Newswire / June 2, 2026 / Newport Gold, Inc. (OTCID:NWPG), a diversified holding company focused on high-growth opportunities in automotive, data, and digital technology, parent company of custom automotive brand NFI Empire www.NFIEmpire.com, has completed a three-facility campus expansion that brings its total industrial footprint to more than 61,000 square feet across 20+ acres of commercial property in North East, Pennsylvania. The unified NFI Empire Campus positions the company to execute a focused 24-month brick-and-mortar growth strategy while scaling its digital and technical operations in parallel.
The NFI Empire Campus now comprises three adjacent, purpose-built automotive facilities:
The Clubhouse - 5,000 sq. ft. on 2 acres - serves as the company's original North East anchor, where NFI established its foundation in sales and high-performance custom builds after relocating from its founding location in downtown Erie, PA.
Custom Build & Services Facility - 25,000 sq. ft. on 15 acres - functions as NFI's operational nerve center, housing its full-service custom builds and vehicle restoration teams.
Sales & Technical Development Facility - 31,000 sq. ft. on 4 acres - the newest addition, secured via an option-to-purchase agreement executed April 27, 2026. This facility will house NFI's growing marketing, digital, and technical development teams as the company accelerates its online and digital product initiatives.
A Decade of Growth - from Erie to a Multi-Acre Campus
NFI began ten years ago in a century-old brick industrial building in downtown Erie, PA, specializing in frame-off restorations of classic Jeep models - CJ-5s, CJ-7s, and CJ-8s (Scramblers). Growing customer demand drove the first relocation to North East, and continued growth prompted the acquisition of a much larger, purpose-built automotive facility directly across the street. The April 2026 option-to-purchase agreement on the neighboring 31,000 sq. ft. property completes what is now a cohesive, scalable three-building campus.
https://finance.yahoo.com/markets/stocks/articles/newport-golds-nfi-empire-completes-130000971.html ~
ProfitScout
1月前
$NWPG News: Newport Gold's NFI Empire Completes 61,000 Sq. Ft. Automotive Campus in Pennsylvania, Fueling 24-Month Expansion Strategy
Three adjacent facilities across 20+ acres give the custom automotive builder the space, land, and talent infrastructure to scale sales, production, digital operations, and technical development.
NORTH EAST, PA / ACCESS Newswire / June 2, 2026 / Newport Gold, Inc. (OTCID:NWPG), a diversified holding company focused on high-growth opportunities in automotive, data, and digital technology, parent company of custom automotive brand NFI Empire www.NFIEmpire.com, has completed a three-facility campus expansion that brings its total industrial footprint to more than 61,000 square feet across 20+ acres of commercial property in North East, Pennsylvania. The unified NFI Empire Campus positions the company to execute a focused 24-month brick-and-mortar growth strategy while scaling its digital and technical operations in parallel.
A Purpose-Built Three-Facility Campus
The NFI Empire Campus now comprises three adjacent, purpose-built automotive facilities:
The Clubhouse - 5,000 sq. ft. on 2 acres - serves as the company's original North East anchor, where NFI established its foundation in sales and high-performance custom builds after relocating from its founding location in downtown Erie, PA.
Custom Build & Services Facility - 25,000 sq. ft. on 15 acres - functions as NFI's operational nerve center, housing its full-service custom builds and vehicle restoration teams.
Sales & Technical Development Facility - 31,000 sq. ft. on 4 acres - the newest addition, secured via an option-to-purchase agreement executed April 27, 2026. This facility will house NFI's growing marketing, digital, and technical development teams as the company accelerates its online and digital product initiatives.
A Decade of Growth - from Erie to a Multi-Acre Campus
NFI began ten years ago in a century-old brick industrial building in downtown Erie, PA, specializing in frame-off restorations of classic Jeep models - CJ-5s, CJ-7s, and CJ-8s (Scramblers). Growing customer demand drove the first relocation to North East, and continued growth prompted the acquisition of a much larger, purpose-built automotive facility directly across the street. The April 2026 option-to-purchase agreement on the neighboring 31,000 sq. ft. property completes what is now a cohesive, scalable three-building campus.
"This expansion marks a major milestone for NFI. The Campus gives us the operational capacity, the land, and the talent infrastructure to scale our vision - both physically and digitally."
Justin Fried, CEO, Newport Gold, Inc. & NFI Empire
Built for the Next Phase of Growth
Beyond providing immediate production capacity, the consolidated campus secures the land and facilities required to support NFI's broader digital strategy - including the design, development, and launch of new digital products and platforms. The three-facility footprint is designed to accommodate both near-term sales and manufacturing scale-up and the long-term infrastructure demands of an automotive company operating across physical and digital channels.
"Our next phase of growth is defined by a bold digital transformation; the very vision that brought us to the public markets. By expanding our digital footprint, we are strategically positioned to grow top line revenue, broaden our market reach, and deliver meaningfully stronger margins."
Chris Nichols, Executive Chairman, Newport Gold, Inc. & NFI Empire
About Newport Gold, Inc. (OTCID:NWPG)
Newport Gold, Inc. (NewportGoldInvest.com) is a diversified holding company focused on high-growth opportunities in automotive, data, and digital technology. Evolved from its origins in mineral exploration, the company applies its asset-identification expertise to "mine" scalable opportunities in the digital economy through strategic acquisitions and investments.
About NFI Empire
NFI Empire (NFIEmpire.com) is the premier portfolio company of Newport Gold, Inc. - a North East, Pennsylvania-based custom automotive company known for exclusive builds, high-performance vehicles, and deep technical expertise. NFI Empire is an emerging leader across both traditional and digital automotive sectors.
Investor Relations: nwpginfo@gmail.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Terms such as "believe," "anticipate," "intend," "expect," "may," "project," and similar expressions identify forward-looking statements. These statements involve risks and uncertainties; actual results may differ materially from expectations. See the Company's SEC filings for risk factors. Newport Gold undertakes no obligation to update forward-looking statements except as required by law.
SOURCE: Newport Gold Inc.
View the original press release on ACCESS Newswire
https://app.accessnewswire.com/img.ashx?id=1172363
USVIHI22
2月前
They need to update their share structure more often. Especially right now.
https://www.otcmarkets.com/stock/NWPG/security
NWPG Security Details
Share Structure
Market Cap Market Cap
2,570,264
05/01/2026
Authorized Shares
400,000,000
04/16/2026
Outstanding Shares
262,271,886
04/16/2026
Restricted
187,387,986
04/16/2026
Unrestricted
74,883,900
04/16/2026
Held at DTC
90,417,023
04/16/2026
Float Float
90,417,023
04/16/2026