NeuralBase AI Ltd. Announces Share Cancellation to Reduce Dilution and Align Leadership with Shareholder Interests

NeuralBase AI Ltd., trading under the ticker symbol NBBI on the OTC Markets, has announced a significant step towards enhancing 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 CEO, Vighnesh Dobale. This move is expected to be finalized shortly, marking a strategic effort to reduce shareholder dilution and demonstrate a commitment to long-term shareholder value.

Vighnesh Dobale, CEO of NeuralBase, emphasized the importance of this action as a reflection of his confidence in the company's future and its mission. By voluntarily cancelling these shares, Dobale aims to align his interests more closely with those of the shareholders, reinforcing the company's foundation and showcasing leadership accountability. This decision is not merely symbolic but a calculated step towards strengthening NeuralBase's position in the AI sector as it progresses into its next development phase.

Once the cancellation process is completed, the updated share structure will be available in the company's next filing on EDGAR and on www.otcmarkets.com. For further details about NeuralBase AI Ltd., interested parties can visit https://www.neuralbase.ai or the SEC's website at https://www.sec.gov.

This announcement underscores NeuralBase's disciplined approach to capital management and its dedication to innovation in the AI industry. The cancellation of these shares is a clear indication of the company's strategic priorities and its focus on creating value for its shareholders while advancing its technological capabilities.