FitLife Brands reponds to investor questions on registration statement

FitLife Brands (FTLF) responds to questions from investors regarding its filing of a registration statement with the SEC. On Thursday, November 14th, 2024, the Company filed a shelf registration statement on Form S-3 with the SEC. On its earnings call, the Company addressed the filing of the S-3. In response to investor questions, the Company is repeating the information provided by management on the earnings call. In his prepared remarks during the conference call, the Company’s CEO, Dayton Judd, stated, “This afternoon, the Company filed a shelf registration statement with the SEC, and I want to take a few minutes to talk through that decision. Close to 50% of eligible exchange-traded companies in the U.S. have an effective shelf registration statement. These are inexpensive to put in place, but they provide a high degree of flexibility if a scenario ever arises where a company wants to raise capital. When declared effective, our shelf will permit sales of stock by either the Company or by Sudbury Capital Fund, our largest shareholder, in a registered offering. You can look at our track record of not diluting shareholders over the years and be confident that if the Company ever decides to sell shares, there will be a really good reason. While neither the Company nor Sudbury has any current plans to sell equity, having an effective shelf registration statement is just good corporate hygiene, and that is why we are putting one in place.” Later in the call, in response to an investor question about the S-3, Mr. Judd stated, “The likelihood of us needing to raise equity as a company is very slim.”