AmeraMex International Inc. (AMMX)

[twtybrd]

http://archive.fast-edgar.com/20200929/AHZK422CZ22ZQ2B2222722Z2P52IZZ2S2222/
General

Our Board and the Majority Stockholders approved a Reverse Stock Split Stock at a reverse stock split ratio of one for 50. In determining which Reverse Stock Split ratio to implement, the Board considered a number of factors, including the historical and then current trading price and trading volume of our Common Stock.
Pursuant to the Reverse Stock Split, 50 shares of our Common Stock will be
automatically, without any further action by the Stockholders,
be combined and reclassified into one validly issued, fully paid,
and nonassessable share of Common Stock.
No fractional shares of Common Stock will be issued as the
result of the Reverse Stock Split.
Instead, the Company will issue to the Company’s stockholders
holding a fractional share of Common Stock one additional share of
Common Stock for each fractional share.
The Company anticipates that the effective date of the Reverse Stock Split
will be during the fourth calendar quarter of 2020.