Business
Cool Holdings Announces Name Change to "Simply, Inc.", Ticker Symbol Change to "SIMP" and 1-for-10 Reverse Stock Split
Cool Holdings Announces Name Change to "Simply, Inc.", Ticker Symbol Change to "SIMP" and 1-for-10 Reverse Stock Split.
About this update from Simply Inc.
[{"type":"text","content":"\n\n\n\nCool Holdings Announces Name Change to \"Simply, Inc.\", Ticker Symbol Change to \"SIMP\" and 1-for-10 Reverse Stock Split\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCool Holdings Announces Name Change to \"Simply, Inc.\", Ticker Symbol Change to \"SIMP\" and 1-for-10 Reverse Stock Split\nPR Newswire\nMIAMI, Oct. 13, 2020\n\n\n\nMIAMI, Oct. 13, 2020 /PRNewswire/ -- Cool Holdings, Inc. (OTCQB: AWSM) (the \"Company\" or \"Cool Holdings\") announced today that it will change its name to \"Simply, Inc.\", change its ticker symbol on the OTCQB Venture Market to \"SIMP\" and effect a 1-for-10 reverse stock split (the \"Reverse Stock Split\").  All of these corporate actions will be effective as of the open of trading on October 14, 2020 (the \"Effective Date\") and the Company's common stock will thereafter begin trading on a split-adjusted basis.  The new CUSIP number for the common stock will be 82901A105.  The Company's new corporate website will be located at www.simplyinc.com.\nThe Reverse Stock Split will reduce the number of shares of the Company's common stock currently issued and outstanding from approximately 54,648,570 shares to approximately 5,464,857 shares, with fractional shares of common stock resulting from the Reverse Stock Split being rounded up to the next whole share of common stock. Proportional adjustments will be made to the conversion and exercise prices of the Company's outstanding warrants and stock options and to the number of shares issued and issuable under the Company's equity compensation plans. There will be no change to the number of authorized shares of the Company's common stock.\nCommenting on the actions, Reinier Voigt, Chief Executive Officer of Cool Holdings, stated: \"Over the last 12 months, we have completely transformed our Company, both operationally and financially.  In September 2019 we acquired Simply Mac, the largest Apple Premiere Partner in the U.S.  In January 2020, we sold our chain of OneClick stores in Argentina, and then in April 2020 we sold our chain of OneClick stores in the D...