Life Clips CEO Robert Grinberg continued, “We appreciate all of our shareholders and considered their stake in the company when making our decision. Our goal is to list on Nasdaq or other national exchange and therefore must take the necessary steps to do so.” Life Clips currently has 5 billion shares authorized and will continue to have 5 billion shares authorized after the reverse stock split. The effective date of the reverse split has not been determined as it is dependent upon FINRA completing its processing of our request to effect this corporate action. Upon completion, the Company plans to apply to the OTCQB to increase the Company’s visibility and expand liquidity, as it moves towards its goal of a Nasdaq listing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.