Thursday, September 15, 2022 11:50:07 AM
- dated Dec 13, 2021 - may connect to NTAI stating
in its Quarterly/Annual Reports that it is
“ planning to acquire liquor Companies in China “ -
“ MingZhu Logistics to Expand into Commercial
Liquor Distribution “ - Dec 13, 2021
I am wondering if NTAI was to be used for the R/M
but was disqualified by FINRA after it did the 1:100
R/S? The FINRA rules require a FLOAT of at least
10 % for a R/M and NTAI’s float was decreased to less
than 1 % after the R/S.
“ FINRA requires that the issuer have at least 25
shareholders who hold either registered shares or
with respect to Pink Sheet listed issuers, shares that
have been held by non-affiliate investors for twelve
months. These shares in the aggregate should
represent at least 10% of the issuer’s outstanding
securities and are often referred to as the “Float.”
https://www.securitieslawyer101.com/reverse-mergers/
https://ir.szygmz.com/mingzhu-logistics-to-expand-into-commercial-liquor-distribution/
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