Telvantis, a U.S.-based telecommunications and cloud network solutions provider, has definitively stated it will not pursue a reverse stock split, despite ongoing market speculation about its stock valuation. The company's leadership remains focused on strategic growth and securing a national market listing.
CEO Daniel Contreras highlighted the company's commitment to disciplined execution and financial strength. He emphasized that a reverse stock split is not aligned with their current strategic timeline, and the company is evaluating multiple options for uplisting, including a potential SPAC merger.
The telecommunications provider has initiated an audit with a PCAOB-registered auditor and remains optimistic about completing this process efficiently. By leveraging recent acquisitions in the U.S. and Ireland, Telvantis is positioning itself to expand its portfolio of 5G technologies and cloud-based communication platforms.
The company's strategic approach underscores its belief that its current stock is undervalued. By avoiding a reverse stock split, Telvantis signals confidence in its organic growth strategy and commitment to long-term shareholder value.
