Followers | 241 |
Posts | 12151 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Friday, August 28, 2015 4:42:37 PM
DALLAS, Aug. 28, 2015 (GLOBE NEWSWIRE) -- SWK Holdings Corporation (OTCQB:SWKH) ("SWK" or the "Company"), a life science focused specialty finance company, today announced a 1-for-100 reverse stock split of its common stock, immediately followed by a 10-for-1 forward stock split of its common stock. The stock splits will be effective as of 5:00 pm Eastern Time September 15, 2015. Beginning with the opening of trading on September 16, 2015, the Company's common stock will trade on OTCQB on a post-split basis. The stock split was approved at SWK's 2015 Annual Meeting of Stockholders held on May 20, 2015.
At the effective time of the reverse stock split, every 100 shares of the Company's issued and outstanding common stock will automatically be combined into one issued and outstanding share of common stock, with no change in par value per share. Holders with less than 100 shares of common stock will have their shares cancelled in the reverse stock split and will have the right to receive cash in lieu of such shares. Following such actions, the Company will implement a forward stock split pursuant to which shareholders will be entitled to receive 10 shares of common stock for each share of common stock held. No fractional shares will be issued in connection with the forward stock split. For stockholders owning greater than 100 shares, the net effective ratio will be a 10-to-1 reverse split. Please note that if you own less than 100 shares of common you will not participate in the forward split and will only receive cash in lieu of fractional shares following the reverse split.
The number of shares of common stock underlying the Company's options, warrants, convertible securities or other rights to acquire shares of common stock will be adjusted accordingly. As a result, each stockholder's percentage ownership interest and proportional voting power remains unchanged and the rights and privileges of the holders of the Company's common stock are substantially unaffected.
Stockholders who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu thereof. The Company has instructed Computershare, its exchange agent for the reverse stock split and the forward stock split, to aggregate all fractional shares and to sell such shares into the market. Stockholders entitled to receive a cash payment will be entitled to receive the net average price received in connection with the sale of such shares by Computershare. The Company in its discretion may elect in lieu of having Computershare sell such shares in the market, to acquire such shares into treasury.
The stock splits will reduce the number of outstanding common shares from approximately 131 million to approximately 13.1 million.
Computershare will mail a Letter of Transmittal and other documentation that will need to be completed and returned to Computershare in order to receive your post-split shares and any cash in lieu of a fractional share that you are entitled to receive in exchange for your pre-split shares of common stock.
If you hold any of your shares of common stock in uncertificated or "book-entry" form, you do not need to take any action because your pre-split shares of common stock will be converted automatically into post-split shares.
About SWK Holdings Corporation
SWK Holdings Corporation is a specialized finance company with a focus on the global healthcare sector. SWK partners with ethical product marketers and royalty holders to provide flexible financing solutions at an attractive cost of capital to create long-term value for both SWK's business partners and its investors. SWK believes its financing structures achieve an optimal partnership for companies, institutions and inventors seeking capital for expansion or capital and estate planning by allowing its partners to monetize future cash flow with minimal dilution to their equity stakes. Additional information on the life science finance market is available on the Company's website at www.swkhold.com.
http://globenewswire.com/news-release/2015/08/28/764318/10147471/en/SWK-Holdings-Corporation-Announces-Timing-of-Stock-Split.html
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent SWKH News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 12:16:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 12:15:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:23:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 09:00:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 09:04:42 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 09:04:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:05:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:31:36 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 07:14:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 10:26:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:09:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:09:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:08:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:08:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 12:30:39 PM
- SWK Holdings Corporation Announces Financial Results for Third Quarter 2023 • PR Newswire (US) • 11/09/2023 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:06:24 PM
- SWK Holdings Corporation to Report Third Quarter 2023 Financial Results • PR Newswire (US) • 11/06/2023 09:05:00 PM
- SWK Holdings Corporation Announces B. Riley Securities Exercises Option to Purchase Approximately $3 Million in Additional Unsecured Senior Notes • PR Newswire (US) • 10/30/2023 12:00:00 PM
- SWK Holdings Highlights Recent Achievements and Provides Portfolio Update • PR Newswire (US) • 10/18/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/13/2023 12:00:40 PM
- SWK Holdings Corporation Increases Revolving Credit Facility to $60 Million • PR Newswire (US) • 10/11/2023 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2023 08:34:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2023 08:33:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2023 08:33:33 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM