Tuesday, December 05, 2023 3:23:26 PM
Due to delays in obtaining FINRA clearance for the Prior Reverse Split, the Company has not yet completed the Prior Reverse Split. Given the significant delay in implementing the Prior Reverse Split and changes to the Company’s capitalization and stock price since it was approved, the Company decided to amend the Prior Reverse Split and sought stockholder approval to authorize the board of directors, in its discretion, to implement one or more reverse stock splits of the Company’s outstanding common stock at a ratio of not less than 1-for-2 and not more than 1-for-75,000 in the aggregate, which such approval was obtained on November 21, 2023. Accordingly, the Company is filing a Revised Definitive Information Statement on Schedule 14C, which amends and restates the Information Statement in its entirety, and will distribute this Revised Definitive Information Statement to our stockholders.
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