Item 7.01 Regulation FD Disclosure.
On or about March 14, 2023, Yunhong CTI Ltd. ("CTI", the "Company" or "we"),
expects that its Chairman, Mr. Yubao Li, will make brief verbal disclosures at
an investor conference to be held in Wuxue, China, which disclosures will
communicate the Company's present intentions to (a) seek authorization from its
shareholders for a substantial increase in the number of authorized shares of
the Company's common stock, to help facilitate future offerings of common stock
that could permit the Company to raise additional capital and better carry out
its growth plans (the "Potential Authorized Shares Increase"), and (b) examine a
potential change in the Company's name, in connection with a potential
rebranding (the "Potential Rebranding"). The details of the Potential Authorized
Shares Increase (such as the timing or amount of a potential increase in the
number of authorized shares) and the Potential Rebranding (such as the timing or
the potential new name or brand) have not been determined. There is no proposal
currently before the Board of Directors or the Company's shareholders with
respect to the Company's intentions described above. The foregoing disclosures
will not include any other material information regarding the Company.
Collectively, the foregoing disclosures are referred to below as the
"Disclosures."
By filing this Current Report on Form 8-K and furnishing the information in this
Item 7.01, the Company makes no admission as to the materiality of any
information in the Disclosures that is required to be disclosed solely by reason
of Regulation FD.
The information contained in the Disclosures includes forward-looking
information relating to the Company's present intentions that should be
considered in the context of the Company's SEC filings and other public
announcements that the Company has made and may make, by press release or
otherwise, from time to time. The Company undertakes no duty or obligation to
publicly update or revise the information contained in the Disclosures, although
it may do so from time to time as the Company's management believes is
warranted. Any such updating may be made through the filing of other reports or
documents with the SEC, through press releases or through other public
disclosures.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. Statements
made in this report that are not historical facts are "forward-looking"
statements (within the meaning of Section 21E of the Securities Exchange Act of
1934) that involve risks and uncertainties and are subject to change at any
time. These "forward-looking" statements may include, but are not limited to,
statements containing words such as "may," "should," "could," "would," "expect,"
"plan," "goal," "anticipate," "believe," "estimate," "predict," "potential,"
"continue," or similar expressions. We have based these forward-looking
statements on our current expectations and projections about future results.
Although we believe that our opinions and expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements, and our actual results may
differ substantially from statements made herein. More information on factors
that could affect our business and financial results are included in our public
filings made with the Securities and Exchange Commission, including our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q.
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