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3. An amendment to the certificate of incorporation

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236T568 Member Level  Saturday, 01/19/19 01:18:39 PM
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3. An amendment to the certificate of incorporation of AMMA to effect a reverse stock split of AMMA common stock sufficient in the judgment of the Board of Directors to result in a minimum bid price of AMMA’s common stock of at least $4.00 per share at the closing of the Acquisition (the “Stock Split Proposal”) (the reverse stock split ratio is anticipated to be in the range of between 1/15 and 1/25 where the numerator is the number of new shares being issued and the denominator is the number of shares outstanding for which such number of new shares is being issued).

https://ih.advfn.com/stock-market/NASDAQ/alliance-mma-inc-AMMA/stock-news/79076235/proxy-statement-merger-or-acquistion-definitive

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