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Tuesday, April 10, 2018 9:38:44 AM
On January 19, 2018, our board of directors approved a proposal to effect a reverse stock split of Defense Technologies issued and outstanding shares of common stock on a one share for fifteen hundred (1:1500) shares basis. On April 6, 2018 FINRA announced that the reverse stock split would become effective on Monday, April 9, 2018.
As a result of the reverse stock split, we will have issued and outstanding approximately 132,910 shares of common stock, without giving effect to the rounding up of fractional shares. Each share certificate representing shares of pre-split common stock will be deemed to represent 1/1500th shares of post-split common stock. New share certificates will be issued in the future to reflect the stock split, but this in no way will affect the validity of current share certificates. New certificates representing post-split common stock will be issued in due course as old share certificates are tendered for exchange or transfer to our transfer agent: Standard Registrar & Transfer Co, Inc., 440 East 400 South, Suite 200, Salt Lake City, Utah 84111.
The reverse split will decrease the number of outstanding common shares but will not affect any stockholder's proportionate interest in our company, except for possible minor differences resulting from the rounding up of fractional shares. Post-split common shares will trade under the symbol "DTIID" for 20 business days after the effective date of the reverse split. Thereafter, the trading symbol will revert to "DTII". All post-split common shares will be fully-paid and non-assessable, and the rights and preferences of the outstanding shares will remain the same as pre-split shares.
Doing things by the book; refreshing. Good luck to longs DTII
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