Kaya Holdings Inc. (KAYS)

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I see Dirty Dave and Grumpy Craig Frank, doing some share cultivating.

KAYA HOLDINGS, INC.

ANNOUNCES 1-FOR-15 REVERSE SPLIT SHARES TO BEGIN TRADING AS KAYSD 

 Fort Lauderdale, Florida – December 14, 2020 – Kaya Holdings, Inc. (OTCQB: KAYS) (“KAYS” or the “Company”), today announced that FINRA has approved a 1-for-15 Reverse Split of the Company’s common stock (the “Reverse Split”).  As a result, every 15 pre-Reverse Split shares of common stock outstanding will automatically combine into one new share of post-Reverse Split common stock without any action on the part of the holders.

 

Craig Frank, CEO of KAYS, commented, “We have taken this positive step to reduce the number of outstanding shares of KAYS common stock which we anticipate will help to enhance liquidity, maximize valuation, and make the Company more attractive to potential investors of all sizes, particularly institutional and international investors.”

 

The Company’s common stock will begin trading on a post-Reverse Split basis at the opening of trading on Tuesday, December 15, 2020.  In connection therewith, the Company's ticker symbol will be KAYSD for twenty (20) trading days to designate that it is trading on a post-Reverse Split basis.  In addition, our post-Reverse Split common stock will trade under the new CUSIP Number 486567 209.

 

Following the Reverse Split, the number of shares of the Company’s issued and outstanding common stock will have been reduced from 213,960,112 to approximately 14,264,008.  The Reverse Split will also apply to shares of common stock issuable upon the exercise of outstanding warrants and stock options and the conversion of outstanding promissory notes and shares of Series C Preferred Stock.  No fractional shares will be issued as a result of the Reverse Split.  Any fractional shares resulting from the Reverse Split will be rounded up to the nearest whole share on a per stockholder basis. 

 

The Company expects that stockholders holding shares of KAYS common stock at registered brokerage firms or at the transfer agent will have the Reverse Split transaction processed automatically in their accounts over the next few days.  Stockholders holding physical stock certificates may request new certificates evidencing their post-Reverse Split shares by contacting the Company’s transfer agent, Pacific Stock Transfer, at either [e-mail]  or 1-800-785-7782.