Singlepoint Inc (SING)

[Charlie V]

Looks like the new spin offs will be tradeable on the effective date of the spin off not like the $CBDW restricted spin off shares.

The multiple corporate actions are part of a planned fundamental strategy of focusing on building its renewable energy, energy storage and to prepare for additional opportunities in EV charging for our residential and small commercial customers. These corporate actions will allow SinglePoint to reduce the size of its non-core subsidiary portfolio while providing the opportunity to unlock additional value through stock dividends via separation and segmentation for our existing 30,000+ SinglePoint shareholders and the shareholders of record on the respective spin off dates. SinglePoint expects the first spin off to its shareholders of ShieldSaver prior to the end of FY2023 Q3. That spin-off will involve the formation of a new standalone, experienced public company management transition team at ShieldSaver that will be focused on expanding previous industry partnerships and targeting a seamless transition with the goal of ensuring trading on the effective date of the spin off. SinglePoint expects that its ownership interests in Shield Saver will be distributed tax-free on a pro rata basis to all shareholders.

In addition to spinning off ShieldSaver, SinglePoint has received Board of Director approval and shareholder approval to pursue similar transactions for its other non-core business assets, EnergyWyze and Discount Indoor Garden Supply(DIGS). These transactions are targeted to be completed prior to the end of the calendar year. Creating additional value through a distributed spinoff will allow the Company and management to focus on and put all effort towards the opportunities that show the highest rate of return. These spin offs will also give value back to shareholders through the equity distributed in the new public companies.