=> the opening of business on January 15
The full and correct information :
To our stockholders:
This information statement provides information to you regarding recent action taken by the Board of Directors of ABCO Energy, Inc. (“Company”) to authorize a reverse split of the outstanding and issued common stock of Company, at a Board of Director’s Meeting on December 1, 2020. The reverse split will result in a reduction of (i) the number of authorized shares of common stock of the Company from 5,000,000,000 shares currently authorized to 29,411,765 shares of common stock after the reverse split and also (ii) the reduction of the number of outstanding and issued shares of common stock so that after the split becomes effective the shares of common stock issued and outstanding will be reduced to 1 share for each 170 shares currently issued and outstanding. Currently there are 2,687,999,095 shares issued and outstanding. After the split the Company will have 15,811,760 issued and outstanding shares of common stock. This reverse split is authorized pursuant to Nevada Revised Statutes 78-207. No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the Company will issue one whole share of the post-reverse stock split common stock to any stockholder who otherwise would have received a fractional share as a result of the reverse stock split. The Company expects the reverse split will become effective on the earlier date as soon as practicable after completion of the final review of the reverse split transaction by FINRA or [ii] the opening of business on January 15, 2021 (the “Effective Date”).
Your vote is not required to approve any of these actions, and the enclosed information statement is not a request for your vote or a proxy. This information statement is furnished only to inform you of the action taken by the Board of Directors of the Company on November 20, 2020 above and before it takes effect in accordance with Rule 14c-2 promulgated under the Securities and Exchange Act of 1934, as amended. This information statement is first being mailed on or about December 14, 2020 to holders of record on December 9, 2020 and we anticipate that the reverse split will take place on the Effective Date , or as soon thereafter as practicable in accordance with applicable law, including the Nevada Revised Statutes.
