Pershing Gold Corp fka PGLC

[Talldude]

Found.on.yahoo:

As filed with the Securities and Exchange Commission on March 31, 2014.
Registration No. 333-179073

Listing on a National Exchange

We intend to list our common stock on a U.S. national securities exchange such as the NYSE MKT or The NASDAQ Stock Market, and to do so, we must fulfill certain listing requirements including a minimum stock price for our common stock.

At our Annual and Special Meeting of the Stockholders held on December 16, 2013, we received stockholder approval to effect a reverse stock split of the outstanding shares of our common stock at an exchange ratio of not less than 1-for-2 and no more than 1-for-25.

We expect that a reverse stock split would initially result in an increase in the price per share of our common stock and substantially reduce the risk that a U.S. national securities exchange would decline to list our common stock on the basis of failure to meet the exchange’s minimum stock price. No assurances can be given that, even if we satisfy this listing requirement, our listing on a U.S. national securities exchange will be approved, or that, if our common stock is listed on a U.S. national securities exchange, we will be able to satisfy the maintenance requirements for continued listing.

In addition to the reverse stock split, our stockholders approved our proposal to reduce the number of our shares of authorized common stock to a lower number between 100,000,000 and 250,000,000 shares in connection with the reverse stock split...

This is a copy/paste, as I did not receive this email from Investor Relations.