Per the PR:
The same 1-for-100 reverse stock split ratio will be used to effect the reverse stock split of SpongeTech®’s issued and outstanding common stock, Class B Stock and preferred stock. Accordingly, all stockholders will be affected proportionately.
But also in the PR:
In conjunction with the reverse stock split, the Board of Directors and the holders of more than a majority of SpongeTech’s voting capital stock have approved a decrease in SpongeTech®’s authorized capital. The post-split authorized capital will be 900 million shares of common stock, 25 million shares of Class B Stock and 40 million shares of preferred stock.
The 2nd part to this we know already took place per the SOS filing. Remember management can raise and lower the A/S at any time. So to answer your question, right after the R/S the prefered stock would not be a 40m and the class b would not be at 25m.
JMO