Energy Edge Technologies Corp. (fka EEDG)

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REVERSE STOCK SPLIT



The Board of Directors and a majority of the Stockholders of the Company have approved a reverse stock split of all the outstanding shares of the Company’s Common Stock at an exchange ratio of 1 post-split share for 30 pre-split shares (1:30). As part of the Reverse Stock Split, the Company will not reduce its authorized capital stock. As stated above, the holders of shares representing a majority of the voting securities of the Company have given their written consent to the Reverse Stock Split.



Upon effectiveness of the Reverse Stock Split, (i) the number of shares of Common Stock issued and outstanding immediately prior thereto will be reduced from approximately 229,473,364 shares to approximately 7,649,112 shares of Common Stock, and (ii) proportionate adjustments will be made to the per-share exercise price and the number of shares covered by outstanding options and warrants, if any, to buy Common Stock, so that the total prices required to be paid to fully exercise each option and warrant before and after the Reverse Stock Split will be approximately equal. Except for adjustments that may result from the treatment of fractional shares, which will be rounded up to the nearest whole number, each shareholder will beneficially hold the same percentage of stock immediately following the Reverse Stock Split as such shareholder held immediately prior to the Reverse Stock Split.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9993575



Just want the new faces to know what they are getting in to