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Posted On: 02/04/2022 2:36:55 PM
Post# of 99223
$VTXB Vortex Brands Announces 25-for-1 Forward Stock Split Has Been Filed with FINRA
https://www.prnewswire.com/news-releases/vort...75478.html
DENVER, Feb. 4, 2022 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) is announcing it has filed with FINRA its corporation action notice for a forward share split on the basis of twenty-five (25) new common shares for each one (1) old common share (the "Stock Split"
. All shareholders of record as at the record date of February 28, 2022, will be entitled to the Stock Split. The total market value of the shares outstanding will not be affected because of this forward split. The primary reason for the Stock Split is to make Vortex's capital structure more attractive to a wider range of investors. We are currently finalizing the filing for FINRA and are required to file with FINRA 10 days prior to record date.
The Company's Board of Directors explored increasing the forward split but decided to do 25 for 1 with smaller stock dividends throughout the 2022 fiscal year.
https://www.prnewswire.com/news-releases/vort...75478.html
DENVER, Feb. 4, 2022 /PRNewswire/ -- Vortex Brands Co. (OTC: VTXB) is announcing it has filed with FINRA its corporation action notice for a forward share split on the basis of twenty-five (25) new common shares for each one (1) old common share (the "Stock Split"
. All shareholders of record as at the record date of February 28, 2022, will be entitled to the Stock Split. The total market value of the shares outstanding will not be affected because of this forward split. The primary reason for the Stock Split is to make Vortex's capital structure more attractive to a wider range of investors. We are currently finalizing the filing for FINRA and are required to file with FINRA 10 days prior to record date. The Company's Board of Directors explored increasing the forward split but decided to do 25 for 1 with smaller stock dividends throughout the 2022 fiscal year.
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