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Pride Holdings Group Announces CEO Retirement, Expanding Acquisition Pipeline, and Withdrawal of Proposed Reverse Stock Split 21.07.2026, 14:06 Uhr von EQS News Jetzt kommentieren: 0

EQS-News: Pride Holdings Group / Key word(s): Financial
Pride Holdings Group Announces CEO Retirement, Expanding Acquisition Pipeline, and Withdrawal of Proposed Reverse Stock Split

21.07.2026 / 14:06 CET/CEST
The issuer is solely responsible for the content of this announcement.


ORLANDO, FL - July 21, 2026 (NEWMEDIAWIRE) - Pride Holdings Group (OTC: PHSE) today announced that Michael Barrett has retired as Chief Executive Officer after a distinguished career and has stepped down from his executive responsibilities.

As part of his retirement and commitment to enhancing long-term shareholder value, Mr. Barrett has voluntarily returned more than 20% of the Company's common stock to the corporate treasury. The Board believes this action reflects his confidence in the Company's future and his desire to strengthen Pride Holdings Group for the benefit of all shareholders.

During his tenure, Mr. Barrett led the transformation of Pride Holdings Group into a diversified holding company with interests spanning hospitality, entertainment, media, tourism, and lifestyle brands focused on serving the LGBTQ+ community. His leadership established the foundation for the Company's expansion strategy, strategic acquisitions, and long-term vision of building one of the world's leading LGBTQ+-focused public companies.

The Board of Directors has initiated a succession plan and expects to announce the appointment of a new Chief Executive Officer in the near future. The leadership transition is designed to ensure operational continuity while positioning the Company for its next phase of strategic expansion.

"It's been an honor and a privilege to work with Michael Barrett," said Tim Majors, Chief Operating Officer of Pride Holdings Group. "On behalf of the entire company, we wish him well in retirement and thank him for his vision, dedication, and leadership. His contributions have helped build a strong foundation for Pride Holdings Group, and we remain committed to continuing that legacy as we move into the Company's next chapter."

Looking ahead, Pride Holdings Group remains focused on executing its strategic growth initiatives throughout the remainder of 2026. The Company is actively evaluating and advancing a pipeline of acquisition opportunities designed to expand its portfolio and strengthen long-term shareholder value. Management expects to announce several acquisitions over the coming weeks and months as transactions are finalized.

In addition, the Company announced that it has elected to cancel its previously proposed reverse stock split with FINRA. Management believes this decision aligns with the Company's current strategic objectives and reflects its confidence in executing its growth strategy while continuing to enhance shareholder value.

"Our focus remains firmly on building Pride Holdings Group through disciplined acquisitions and strategic expansion," said Tim Majors, Chief Operating Officer. "We have an exciting pipeline of opportunities that we believe will further strengthen the Company, and we look forward to sharing additional announcements as they become final. We believe withdrawing the proposed reverse split allows us to continue pursuing our growth strategy while remaining focused on creating long- term value for our shareholders."

The Company cautions that acquisition opportunities remain subject to customary due diligence, definitive agreements, regulatory approvals where applicable, and other closing conditions. There can be no assurance that any proposed transaction will be completed until all required conditions have been satisfied.

About Pride Holdings Group

Pride Holdings Group is a publicly traded holding company focused on acquiring, operating, and scaling LGBTQ+ oriented hospitality, nightlife, entertainment, and real estate assets. Through its portfolio of venues, events, and branded experiences, the Company aims to create safe, inclusive, and economically sustainable community spaces while delivering long-term value to shareholders.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Pride Holdings Group undertakes no obligation to update forward-looking statements except as required by law.

Media Relations
press@prideholdingsgroup.com


News Source: Pride Holdings Group


21.07.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News


Language: English
Company: Pride Holdings Group
United States
ISIN: US74025X1080
EQS News ID: 2369346

 
End of News EQS News Service

2369346  21.07.2026 CET/CEST

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Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer