Amerinac Holding Corp. (fka PAOS)

[LexTrader]

Payment for Fractional Shares – Whether shares are held in street name or directly, fractional shares of Common Stock will not be issued to stockholders. Instead, if the number of "pre-split" shares of Common Stock held by a shareholder is not evenly divisible by two thousand and five hundred (2500), the shareholder will receive a cash payment equal to $0.02 for each "pre-split" share of their fractional share. The number of authorized Common stock shall remain unaffected and the par value shall remain at $0.001 per share.



For example, if you own 6,028 shares of the Common Stock, the 1-for-2500 reverse stock split will reduce your number of common shares to 2 shares after the Reverse Stock Split and you will receive a cash payment equal to $20.56 ($0.02 multiplied by 1,028). The cash payment is subject to applicable federal and state income tax.