Business
EZTD Inc. Announces Reverse Split of Common Stock
EZTD Inc. Announces Reverse Split of Common Stock.
About this update from Eztd Inc
[{"type":"text","content":"\n \n EZTD Inc. (OTCQX:EZTD), a worldwide leader of online binary options \n trading, has effected a one (1) for thirty (30) reverse split of its \n common stock (the “Reverse Split”) as a step toward the Company’s \n intention to list its common stock on the NASDAQ and fulfilling the \n share price requirements. Beginning today at the market’s opening, the \n Company’s stock symbol will be “EZTDD” for a period of 20 business days \n following the effective date of the Reverse Split.\n \n \n The Reverse Split follows the Company’s Board of Directors’ and \n stockholders’ approval in February 2016 of an amendment to the Company’s \n Certificate of Incorporation to: reduce the Company’s authorized common \n stock from 300,000,000 shares, par value of $0.001 per share, to \n 10,000,000 shares, par value of $0.03 per share; and a 1-for-30 reverse \n stock split of the Company’s issued and outstanding shares of common \n stock.\n \n \n “We view the Reverse Split as an important step in EZTD’s corporate \n development and an essential one in order to potentially meet NASDAQ’s \n share price eligibility criteria, one of the several requirements that \n are necessary to list,” said Shimon Citron, EZTD’s CEO. “The Reverse \n Split, combined with EZTD’s improved revenue and financial results, we \n believe, will help to attract a broader and improved shareholder base \n and ultimately contribute to increasing shareholder value.”\n \n \n The Company effected the Reverse Split pursuant to an amendment of the \n Company’s certificate of incorporation filed with the Secretary of State \n of the State of Delaware. Upon the effectiveness of the Reverse Split, \n each thirty (30) shares of issued and outstanding common stock have been \n combined into one (1) share of common stock. Any of the Company’s \n stockholders holding a fractional share of common stock (in which \n instance, because such stockholder’s number of shares is not evenly \n divisible by the 30:1 ratio), will be automatically entitled to receive \n an additional fraction of a share of common stock to round up to the \n next whole share.\n \n \n The Company’s common stock will begin trading on a split-adjusted basis \n on April 7, ...