Green Rain Energy Holdings Inc. (OTCID: GREH) Announces CEO’s Intention to Cancel 310 Million Common Shares Held Through Holding Company in Exchange for Restricted Preferred Shares to Address Short Positions

BEVERLY HILLS, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Green Rain Energy Holdings Inc. (OTCID: GREH) (the “Company”) today announced that its Chief Executive Officer, Alfredo Papadakis, will cancel 310 million common shares of the Company held through his holding company. In exchange, Mr. Papadakis will accept restricted preferred shares, a move designed to strengthen the Company’s capital structure and directly combat short positions in the market.