Completed Share Cancellation Reduces Float, Reinforcing Management's Commitment to Shareholder Value
NORTH EAST, PA / ACCESS Newswire / August 21, 2026 / Newport Gold, Inc. (OTCID:NWPG), operating through its subsidiary NFI Empire (NFIEmpire.com), a custom automotive build and restoration company building a digital marketplace for buying and selling cars online, today announced the completion of the previously disclosed cancellation of 24,800,000 shares of its Common Stock, which have now been formally returned to the Company's treasury.
As announced on June 4, 2026, the Company had finalized an agreement with a stockholder to cancel up to 24,800,000 shares of Common Stock back to treasury. That process has now been completed in full, permanently retiring the shares from the Company's issued and outstanding share count. NWPG - Newport Gold, Inc. | Security Details | OTC Markets
"This completed cancellation reflects our team's ongoing commitment to building long-term value for every NWPG shareholder," said Justin Fried, CEO and Co-Founder of Newport Gold. "Reducing our share count without any compensation to the cancelling stockholder is a clear signal of insider confidence in where this Company is headed."
This action follows Newport Gold's continued execution of its strategic growth plan, including its merger with NFI Empire Group of Companies and ongoing expansion of its automotive, data, and digital technology operations.
About NWPG (Newport Gold, Inc.), NFI Empire
NFI Empire (NFIEmpire.com) is the wholly owned operating subsidiary of Newport Gold, Inc., a North East, Pennsylvania-based custom automotive company known for exclusive builds, high-performance vehicles, and deep technical and digital expertise across both traditional and digital automotive sectors. Newport Gold is now a holding company whose operations are conducted entirely through NFI Empire. NFI Empire's stated goal is to become the first publicly traded automotive enthusiast company to integrate a brick-and-mortar business model with a proprietary technology platform.
Investor Relations: Investor@NewportGoldInvest.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
SOURCE: Newport Gold, Inc.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/metals-and-mining/nwpg-completes-cancellation-of-24-800-000-shares-of-common-stock-reducing-outstan-1209871
