Business
Clikia Corp. Announces Reverse Stock Split
Clikia Corp. Announces Reverse Stock Split.
About this update from Maison Luxe Inc.
[{"type":"text","content":"\nBATON ROUGE, LA, July 23, 2018 (GLOBE NEWSWIRE) -- \n Clikia Corp. (OTC PINK: CLKAD), provider of ClikiaTV, a streaming (over-the-top, OTT) cable television subscription service, today announced a reverse stock split of its shares of common stock at a ratio of 1-for-500. The reverse split will take effect at the open of business Monday, July 23, 2018, and shares of CLKA common stock will trade on a post-split basis under the symbol “CLKAD” for a period of 20 business days, when the “D” will be removed and the symbol changed back to CLKA. In addition, the common stock of CLKA will trade under a new CUSIP number, with the par value per share remaining at $.00001. A proportionate adjustment will be made to the per-share exercise prices and number of shares issuable under all outstanding stock options and warrants. No fractional shares will be issued in connection with the reverse split. Shareholders with shares held in certificate form will receive a letter of transmittal from CLKA’s transfer agent, Pacific Stock Transfer Co. Shareholders that hold shares in book-entry form or in brokerage accounts are not required to take any action and will see the impact of the reverse split reflected in their accounts.  Industry Data Shows ClikiaTV Sits in OTT Industry Sweet Spot  According to a recent study from Digital TV Research, global OTT TV revenues will more than double from $37 billion in 2016 to $83 billion in 2022, driven in large measure by the success of subscription video-on-demand (SVOD) services, such as Netflix and ClikiaTV. It is the success of SVOD services like Netflix that propelled SVOD to the top of OTT revenues sources in 2013: by 2022, SVOD is expected to generate $41.2 billion, or approximately 50%, of OTT revenues, compared to $29.0 billion for advertising-supported video on demand (VOD), $8.1 billion for download-to-own and electronic sell-through and $5.2 billion for rental. About ClikiaTV, a Streaming Cable Television Subscription Service ClikiaTV’s 50+ cable television channels are delivered to any device via the Clikia App (available in the iTunes Store, the Google Play Store, on Amazon and Roku, and via Google Chromecast, as well as through its inter-connected www.Clikia.com website). ClikiaTV competes in the rapidly expanding “over-the-top” m...