Attis Industries Reverse Splits Stock 1-for-8 to Maintain Nasdaq Listing
15 Marzo 2019 - 11:18PM
via NEWMEDIAWIRE – Attis Industries, Inc. (NASDAQ: ATIS) (the
“Company” or “Attis”), a diversified innovation and technology
holding company, today announced that its 1-for-8 reverse split of
its common stock and its publicly-traded warrants will become
effective in The Nasdaq Capital Market prior to market open on
March 18, 2019.
The common stock will continue to trade on a post-split basis
under the symbol “ATIS” and the publicly-traded warrants will
continue to trade on a post-split basis under the symbol
“ATISW.”
Attis’ CEO, Jeff Cosman, stated, “We expect this reverse
split will allow our stock price to meet the minimum share price
listing requirements for The Nasdaq Capital Market, which is
critical to maintaining our Nasdaq listing. Our Nasdaq listing is
extremely important to us and our investors, providing our stock
with greater liquidity, among other advantages, and ultimately
enhancing shareholder value.”
As a result of the split, every eight shares of issued and
outstanding common stock will be exchanged for one share of common
stock, with an additional share issued in lieu of a fractional
share. Additionally, every eight publicly-traded warrants will be
exchanged for one warrant.
The reverse stock split will reduce the number of shares of
common stock issued and outstanding from 27,526,467 pre-split to
approximately 3,443,500 post-split. Proportional adjustments and
other adjustments will be made to outstanding securities in
accordance with their terms. The reverse stock split will reduce
the number of publicly-traded warrants issued and outstanding from
3,112,871 pre-split to approximately 389,108 post-split.
Attis Industries, Inc.
Attis Industries, Inc. (NASDAQ: ATIS) is a diversified
innovation and technology holding company focused on developing and
building businesses that play important roles in the new
economy. We strive to encourage our employees to be
entrepreneurs focused on innovation and technology. We will
remain dynamic, persistent and motivated to our mission of
winning. The growth of our company will rely on our integrity
and our vision for the future. Today, each of Attis business
sectors provide high growth opportunities that collectively account
for more than a third of our nations GDP. For more information,
visit: www.attisind.com
Forward-Looking Statements
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. You can identify forward-looking statements by words
such as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “should,” “would” or similar words. You
should consider these statements carefully because they discuss our
plans, targets, strategies, prospects and expectations concerning
our business, operating results, financial condition and other
similar matters. These statements are subject to certain risks,
uncertainties, and assumptions, including, but not limited to,
risks and uncertainties relating to the Company's ability to
develop, market and sell products based on its technology; the
expected benefits and efficacy of the Company's products and
technology; the availability of substantial additional funding for
the Company to continue its operations and to conduct research and
development, clinical studies and future product commercialization;
and, the Company's business, research, product development,
regulatory approval, marketing and distribution plans and
strategies; the ability of the Company to continue to meet the
listing requirements of NASDAQ; the ability of the Company to
execute on a business plan that permits the technologies and
innovations businesses to provide sufficient growth, revenue,
liquidity and cash flows for sustaining the Company’s go-forward
business, and the risks identified and discussed under the caption
“Risk Factors” in the Attis Annual Report on Form 10-K for the
fiscal year ended December 31, 2017, filed with the Securities and
Exchange Commission (the “SEC”) on April 16, 2018 and the other
documents Attis files with the SEC from time to time. There will be
events in the future, however, that Attis is not able to predict
accurately or control. Attis’s actual results may differ materially
from the expectations that Attis describes in its forward-looking
statements. Factors or events that could cause Attis’s actual
results to materially differ may emerge from time to time, and it
is not possible for Attis to accurately predict all of them. Any
forward-looking statement made by Attis in this press release
speaks only as of the date on which Attis makes it. Attis
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
ir@attisind.com
Kevin M. McGrath
TraDigital IR
(212) 389-9782 x104
kevin@tradigitalir.com
Grafico Azioni Attis Industries (NASDAQ:ATIS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Attis Industries (NASDAQ:ATIS)
Storico
Da Giu 2023 a Giu 2024