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03/09/21 3:40 AM

#1593 RE: imakehp #1592

We can only watch firna for 3-10 day notice, unless the company states something.

https://www.securitieslawyer101.com/2015/reverse-stock-split/

How do companies notify their shareholders of a reverse stock split?
Companies may issue press releases notifying the public of a reverse split. If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q and 10-K. A non-reporting company is required to notify the public through its current report filings on the OTCMarkets website.
In addition, all OTC issuers, reporting and non-reporting, that wish to do a reverse (or forward) stock split must comply with FINRA’s Rule 6490. Generally, a company must notify FINRA of its intentions at least ten (10) days prior to the desired effective date. A Corporate Action form must be filled out, and a processing fee will be charged. Normally, the issuer’s transfer agent takes care of the paperwork. Click here for a fuller explanation.
Once the request is processed, FINRA will set an ex-dividend date, and the split will be noticed on the Daily List. Issuers should avoid premature announcement of the split’s effective date; that date is only certain when the processing is complete and the dividend notice appears on the Daily List.''



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