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Re: TucsonPhil post# 115634

Tuesday, 09/13/2022 7:50:19 PM

Tuesday, September 13, 2022 7:50:19 PM

Post# of 119813
Based on their S1 filing it appears once the SEC approves it the reverse split(s) are going to be initiated. But no definitive timeframe. See below from the filing.

We filed our Proxy Statement on Schedule 14A for a Special Meeting of our stockholders to obtain approval of our Charter Amendment and, more specifically, to grant our Board authorization, in its sole discretion, to effectuate one or more Reverse Splits during the succeeding 12 months at a specific ratio within a range from [one-for-250 to one-for-1,500], and the timing of any such Reverse Splits. Our Board has effected such Reverse Split at a ratio of [?] (the “Specific Reverse Split”) in connection with this offering and our intended listing of our shares of Common Stock on the Nasdaq Capital Market (“Nasdaq”); however, we cannot guarantee that the Specific Reverse Split will be sufficient for Nasdaq to approve our initial listing application.
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