That seems unlikely, since REVO is not declaring bankruptcy, and would probably require authorization from a regulatory power before it could cancel its common shares (see below).
What Happens When a Company Cancels Its Common Stock? by Calla Hummel
When a company cancels its common stock, it declares all existing common stock certificates to be null and void. Most often, companies cancel stock when going through bankruptcy proceedings. After canceling, the company may cease to exist or issue new shares in a reorganized company. In either instance, the canceled shares only have value as souvenirs, not as securities.
Notification A company can cancel common stock in bankruptcy and occasionally in other situations such as reverse stock splits, though a temporary recall is more common. The company may need authorization from a regulatory power before it can cancel, depending on where the company operates. It then instructs a financial service, called a transfer agent, to notify all investors, exchanges and other parties involved in the exchange of its common stock.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.