Replies to post #115936 on Kona Gold Beverage Inc (KGKG)

[TucsonPhil]

They want to go to the NASDAQ. The NASDAQ has a minimum bid requirement for shares (look it up).

In order to meet that minimum bid price, will they RS, or will they just pay out existing shareholders and IPO on new exchange to get the $14M they are after?

To pay out shareholders, they would need an underwriter for about $7M, so maybe.

Maybe just read the draft S-1/A posted at the SEC website:

https://www.sec.gov/edgar/browse/?CIK=1802546&owner=exclude