Reverse Splits

[e-ore]

SPDC - Splitting 1 for 16 as part of "going private" transaction

"This Rule 13e-3 Transaction Statement on Schedule 13E-3 (the “Schedule 13E-3”) is being filed by Speed Commerce, Inc., a Minnesota corporation (“Speed Commerce”, the “Company”, “we”, or “our”), in connection with a “going private” transaction. Our board of directors (“Board”) has approved a 1-for-16 share combination (the ”Reverse Split”)"

"The purpose of the Transaction is to reduce the number of record holders of our common stock below 300 so that we will be eligible to terminate the registration of our common stock under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In such case, we will no longer be required to file periodic reports with the Securities and Exchange Commission (the “SEC”), or be subject to the reporting or other obligations under the Exchange Act and our stock will not be traded publicly. The deregistration of our common stock will have the effect of terminating the quotation of our common stock on OTC Markets Group’s OTC Pink market."

http://archive.fast-edgar.com//20160219/ANZ3V62CZM22IZZN222U2ZZZVPRJZ6R7Z282/