DEF 14C: Yuenglings Ice Cream Corp. to Rebrand as ReachOut Technology Corp.

Yuenglings Ice Cream Corporation is changing its name and trading symbol to reflect its focus on the business model of its subsidiary, ReachOut Technology Corp.

Summary

• Yuenglings Ice Cream Corporation is changing its name to ReachOut Technology Corp. and will also change its trading symbol.
• The changes were approved by the Board of Directors and the majority stockholder, Richard Jordan, on May 21, 2024.
• The company is not soliciting proxies as the action has already been approved by the majority stockholder.
• The name and symbol changes are expected to be effective on or after July 23, 2024, pending FINRA approval.
• The company believes the name and symbol changes better reflect its new business direction focusing on ReachOut Technology Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily describes a corporate action (name and symbol change) without expressing strong positive or negative views. The shift in focus to technology could be seen as potentially positive, but it's too early to assess the impact.

Positives

• The name change and symbol change better reflect the company's new business direction.
• The changes have already been approved by the Board of Directors and the majority stockholder, streamlining the process.
• The company is taking steps to reduce expenses by delivering only one Information Statement to stockholders who share the same address.

Risks

• The name and symbol changes are subject to FINRA approval, which could potentially delay the effective date.
• The company's success will depend on the performance of ReachOut Technology Corp.'s business model.

Future Outlook

The company intends to focus on the business model of ReachOut Technology Corp.

Management Comments

• The Board of Directors has determined that since the Company intends to focus on the business model of ReachOut Technology Corp., our wholly owned subsidiary, the Name Change and Symbol Change better reflect the nature of the Company's new business direction.
• The Board believes that the Name Change and Symbol Change better reflects the nature of the Company's anticipated operations and that a corresponding trading symbol change would be consistent.

Industry Context

Companies often rebrand to reflect a change in business strategy or to align with a new market focus. This move suggests Yuenglings Ice Cream Corporation is pivoting away from its traditional ice cream business.

Stakeholder Impact

• Shareholders will see a change in the company's name and trading symbol.
• The company's focus on ReachOut Technology Corp. may impact employees and operations.

Next Steps

• File Articles of Amendment with the State of Nevada.
• Obtain FINRA approval for the name and symbol change.
• Effect the name and symbol change on or after July 23, 2024, pending FINRA approval.

Key Dates

Keywords

ReachOut Technology Corp, Yuenglings Ice Cream Corporation, name change, symbol change, FINRA, corporate action