Emergent Health Corp (EMGE)

[powerbattles]

Let me make it clear for someone still clueless. FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market.
https://www.finra.org/investors/investing/investment-products/stocks/stock-splits

Companies aiming to implement a reverse stock split must follow to specific regulatory procedures, including securing approval from their board of directors and, in many instances, obtaining shareholder approval. The filings below reveal their submission for an R/S, demonstrating compliance with rules and regulations by notifying FINRA of their intention.


Decisions regarding R/S approval are made by the board of directors, not by FINRA. Furthermore, in this case, the approval of the R/S has no effect after Sep 30, 2023. Comprehend?