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. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.
But 10k says this On February 8, 2021, our directors approved a 100-for-1 reverse split of our common stock. The reverse stock split will become effective on a date determined by FINRA. As of the date of this filing the Company has not received FINRA approval.
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