Kraig Biocraft Laboratories Inc (KBLB)

[Darryl_T]

Generally, a public company can declare a reverse split if it obtains the approval of its board of directors. Most often shareholder approval is not required. What law governs reverse stock splits? State corporate law and a company's articles of incorporation and by-laws govern reverse stock splits.

https://www.securitieslawyer101.com/2015/reverse-stock-split/#:~:text=Generally%2C%20a%20public%20company%20can,laws%20govern%20reverse%20stock%20splits.