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Alias Born | 06/23/2007 |
Tuesday, September 20, 2016 1:06:17 PM
The Company has submitted an application with the Nasdaq Stock Market to obtain a listing of its common stock on the Nasdaq Capital Market. In connection with the Warrant Restructuring, the Company agreed in the Amendment Agreement that no later than the sixth trading day following the date of the Amendment Agreement, the Company (A) will have its Board of Directors adopt the appropriate resolutions to effect a reverse stock split of the shares of common stock of the Company, in such ratio as shall be determined by the Board of Directors of the Company (the “Reverse Stock Split”), so that the bid price of the common stock of the Company will comply with the Nasdaq Capital Market’s minimum bid price requirement for initial listing at the effective time of the Reverse Stock Split, and (B) will submit to the Financial Industry Regulatory Authority, Inc. an application to effect the Reverse Stock Split no later than 40 days following the date of the Amendment Agreement. There can be no assurance that the Company’s application for listing will be approved.
https://www.sec.gov/Archives/edgar/data/1094038/000119312516678673/d161424d8k.htm
so any day now.
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