Does this mean the EEGI/TELA dividend will not happen anymore?
Eline previously reported that it had decided to begin the process of effecting the spin-off of its Storm Depot International subsidiary as a fully reporting public company. As a result of the newly proposed acquisition of Storm Depot International by Techlabs, Eline will place on hold all efforts regarding the proposed spin-off. As previously contemplated, that transaction would result in Eline stockholders receiving a stock dividend distribution of Storm Depot International common shares on the basis of one share of Storm Depot International common stock for each share of Eline common stock held upon the record date of the spin-off, which date has not yet been determined.
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