TUSTIN, CA, October 6, 2017 -- Freeze Tag (OTC: FRZT), a leading creator of mobile social games, today announced the company has reached significant milestones in its corporate restructuring and future growth plans.
“We have successfully executed a reverse split effective October 5, 2017,” said Craig Holland, CEO of Freeze Tag. “We’re also excited to announce we are very close to finalizing our merger transaction with Munzee Inc.”
The CEO of Freeze Tag indicated corporate actions have taken place or will soon be effective:
The reverse split of FRZT stock (1:100) was published on the Daily List on October 4, 2017 by FINRA, and became effective at the open of the market on October 5, 2017.
Temporarily, as a result of the reverse split, Freeze Tag stock will be trading under the symbol “FRZTD” symbol for 20 trading days. After the 20-day period has expired, the stock symbol will return to FRZT.
Beginning October 5, FRZT stock can be traded at the new stock share price reflected post the reverse split. There is no hold or freeze on the trading of FRZT shares during this 20-day period, or beyond.
The merger with Munzee Inc. is proceeding very well. The estimated date of closing the merger is October 18, 2017.
The Freeze Tag CEO indicated that more news will be coming shortly as the merger transaction is finalized, product roadmaps are reviewed and future plans are solidified for the newly combined company.