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Imaging3, Inc/Grapefruit Comments on June 30, 2019 Results Released on August 14; OTCQB Application Refresh
Imaging3, Inc/Grapefruit Comments on June 30, 2019 Results Released on August 14; OTCQB Application Refresh.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"\nLos Angeles/Desert Hot Springs, CA, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Imaging3, Inc./Grapefruit (OTCQB:IGNG), (“Grapefruit” or the “Company”) filed its quarterly report on Form 10-Q with the SEC yesterday. Due to delays in the final closing of the reverse acquisition of IGNG by Grapefruit which, as a result of such delays, did not occur until after the end of the second quarter, IGNG’s report did not reflect any of the financial results of Grapefruit’s operations. Grapefruit’s results of operation will begin to be reflected in the Pro Forma Consolidated Financial Statements which will be included in both its “Super 8-K” filing and the first Amendment to its registration statement on Form S-1 which was filed on July 24, 2019, both of which are expected to be filed with the SEC around September 15, 2019. Of course the Company’s third quarter report on Form 10-Q for the period ended September 30, 2019, which will be the consolidated Companies’ first joint periodic report will be filed on or before November 14, 2019. Bradley J. Yourist, IGNG/Grapefruit CEO stated, “ We were very pleased that this first periodic SEC filing on our watch was performed in a timely fashion without resort to an extension as had been the case for the Company’s previous eight quarters. We believe this is a relatively minor but emphatic illustration of the fact that Grapefruit has successfully morphed from an undercapitalized medical device company to a fully licensed, compliant vibrant, revenue producing participant in an industry undergoing significant evolution and growth in real time. Yet another box checked, as Grapefruit moves forward.”\n Additionally, on Tuesday August 13, 2019, IGNG Grapefruit reapplied to OTCMarkets to maintain its OTCQB listing as is required by OTCMarkets rules when an OTCQB listed firm undergoes a change in control as was the case here. In connection with that application, Grapefruit informed the OTCMarkets staff that it would be applying to FINRA to change the name of the Delaware parent company from Imaging3, Inc. to Grapefruit USA, Inc. which name has been reserved at the Delaware Secretary of State. The Company also informed OTCMarkets that it will seeking a ticker symbol change from IGNG to one of the following three choices in descending o...