InvestorsHub Logo
Post# of 13011
Next 10
Followers 281
Posts 25959
Boards Moderated 6
Alias Born 01/27/2009

Re: None

Thursday, 11/30/2017 5:03:41 PM

Thursday, November 30, 2017 5:03:41 PM

Post# of 13011
SYMX - Splitting 1 for 8

" As described below under Item 5.07, at a special meeting of the stockholders of Synthesis Energy Systems, Inc. (the “Company”) held on November 29, 2017, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to effect a reverse split of the Company’s common stock, par value $0.01 (the “Common Stock”), and authorized the Board of Directors (the “Board”) to, at their sole discretion, select a ratio of between 1-for-2 and 1-for-8.

Prior to the meeting, but subject to stockholder approval at the meeting, the Board determined to set the reverse stock split ratio at 1-for-8 (the “Reverse Stock Split”). The Reverse Stock Split will become effective as of 5:00 p.m., Eastern Time on December 1, 2017 (the “Effective Time”), pursuant to a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation filed with the Secretary of State of the State of Delaware on November 30, 2017.

A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1 and is incorporated herein by reference. This discussion is qualified in its entirety by reference to the full text of the Certificate of Amendment.

In connection with the Reverse Stock Split, the CUSIP number of the Common Stock will be changed to 871628 202. The Common Stock will begin trading on the NASDAQ Capital Market on a split-adjusted basis on December 4, 2017 under the new ticker symbol “SES”.

http://archive.fast-edgar.com//20171130/A822B22CZ22EP2ZZ272I2WD7HMHW6Z22Z292/

My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.