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Dallas, Texas--(Newsfile Corp. - March 17, 2021) - Utilicraft Aerospace Industries, Inc. (OTC Pink: UITA) (the "Company") is pleased to provide a shareholder update.
Recently the Company was acquired by a group of new investors. Today, the new management filed Form 8K fulfilling its disclosure obligations.
The 8K (filed through EDGAR with the SEC) describes management discussion, decision making and consequent determination as to the "pathway" for the Company to return to "SEC Current Filer" status.
The CEO of the Company had numerous discussions with the SEC attorney's office in Washington DC. After reviewing several options that are available, the following option was agreed on and disclosed in the recently filed 8K.