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Dallas, Georgia--(Newsfile Corp. - January 6, 2025) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable household and private label technology products, is pleased to announce today that it has declared a special dividend of Bemax Series A Convertible Preferred Stock in which every common stock shareholder shall receive the corporation's convertible Series A Preferred Stock value, which is 10% of the total common shares owned of the corporation common stock.
The dividend is payable on March 31, 2025, to stockholders of record at the close of business on March 28, 2025. The company has submitted the corporation action to FINRA for processing.
Each Bemax Series A Preferred Stock can convert into thirty (30) common stock beginning on the first day following the 180-day anniversary of issuance, and the common stock becomes tradable after the mandatory regulatory holding period. In the event the Board of Directors declares a dividend on the common stock, holders of the Series A Preferred Stock will be entitled to receive an equivalent dividend as if the Series A Preferred Stock had been converted into common stock prior to the declaration of such dividend.
Regarding the dividend, Taiwo Aimasiko, Bemax CEO, commented, "Today we are rewarding our passionate and supportive shareholders with a dividend of Bemax Series A Convertible Preferred Stock. Each shareholder will receive Preferred Stock valued at 10% of total common shares owned."
Bemax CEO, Taiwo Aimasiko, concluded, "This Preferred Stock dividend has tremendous potential to create meaningful value for Bemax and for our mid- to long-term shareholders as we continue to build a strong private label product with an expanding global distribution network and launch into the private label technology products."
Investors should note shares purchased on or after the ex-dividend date (March 31, 2025) will no longer be entitled to the dividend.
For additional information about the Bemax Series A Convertible Preferred Stock, and the convertibility of the Preferred Stock into Common Stock, please visit the investor page on the company's website at www.bemaxinc.com.
About Bemax Inc.
About Bemax Inc. Bemax Inc. is a forward-thinking company dedicated to delivering top-quality disposable diapers and women's hygienic sanitary products. With a focus on innovation and customer satisfaction, Bemax continues to expand its product offerings and distribution network, aiming to exceed the expectations of its growing customer base. Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com.