C08912-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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Subject of the Disclosure |
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Result of the Board of Directors' Meeting. |
Background/Description of the Disclosure |
During the Board Meeting held on 21 December 2023, NOW Corporation’s Board of Directors approved a USD10- $40M million fundraising initiative through a combination of debt, public offering, and other financing programs to finance the Public Safety and Critical Communications infrastructure for use of governments, military/public safety units, and enterprises/organizations categorized as part of the sixteen (16) Critical Infrastructure sectors. This infrastructure project shall implement the provisioning of communications hardware, software, and services that these entities could avail of and connect their own private communications network for seamless interconnectivity that is secure, reliable, and compliant with the Trusted Network Initiative. NOW Telecom Company, Inc, NOW Corporation’s associate, has designed this infrastructure and will drive its operations as part of its partnership with American, European, and Indo-Pacific technology partners. |
Other Relevant Information |
The foregoing disclosure contains forward-looking statements and soft information that shall be based on the terms of the fundraising initiative approved by the Board of Directors and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
Name | Angeline Macasaet |
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Designation | Corporate Secretary |