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Fast Finance Pay Corp.
Fast Finance Pay Corp. announces Reverse Stock Split
Business
Jan 27 2025
4 min read

Fast Finance Pay Corp. announces Reverse Stock Split

January 24, 2025 / Fast Finance Pay Corp. (OTC PINK:FFPP) today announced that it will effect a 1-for-40 reverse stock split of its common stock. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on January 27, 2025.

The new CUSIP number for the common stock following the reverse stock split will be 85423F304. In order to designate the post-split shares, the letter "D" will be attached to the end of the company’s ticker symbol for approximately 20 days after the reverse split becomes effective.

At the effective time of the reverse stock split, forty (40) shares of the Company’s issued and outstanding common stock will be automatically converted into one (1) issued and outstanding share of common stock without any change in the par value of $0.0001 per share or the total number of authorized shares. The reverse stock split will reduce the Company’s number of shares outstanding common stock from approximately 1,101,373,836 shares to approximately 27,534,420 shares. No fractional shares will be issued in connection with the reverse stock split, and stockholders who would otherwise be entitled to a fractional share will receive a proportional cash payment.

The Company’s transfer agent, VStock Transfer, LLC, will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-reverse stock split shares of common stock electronically in book-entry form are not required to take any action to receive post-reverse stock split shares. Those stockholders who hold their shares in brokerage accounts or in “street name” will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker’s particular processes, and will not be required to take any action in connection with the reverse stock split.


About Fast Finance Pay Corp.

Fast Finance Pay Corp. is a gateway provider and nascent Fintech, Fast Finance Pay Corp offers a flexible payment platform to assist e-merchants with their online ventures. It allows e-merchants to process all popular payment methods with just one partner, instead of installing a multitude of "payment plugins".

OK.de Services contains the OK.de mobile 'free-mailer' e-mail and end-to-end secure, encrypted, instant messaging service. Ok.de is a free email provider with news, comparison portal and numerous other free services. With this service, we are building an active user interface that is used to connect people all over the world on one platform.

With OK.secure, we released a completely free and absolutely secure Messenger-Service on the market: private and secure messaging with a military level of encryption. Via end-to-end-encryption based on the blockchain-technology, OK.secure provides secure communication with chat, video calls, and cloud storage.

For additional information, visit www.ff24pay-corp.com.

 

Forward-looking statements

This news release may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933 (as amended) and section 21e of the Securities and Exchange Act of 1934 (as amended). Those statements include the intent, belief or current expectations of the Company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.

 

CONTACT:

Investor Relations
Andrew Barwicki
516-662-9461
andrew@barwicki.com