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Allin Corporation Announces Reverse Stock Split and Reduction in Authorized Common Stock
PR Newswire - Tue Jul 02, 3:30PM CDT
Allin Corporation ("Allin" or the "Company) (Pink Sheets: ALLN) announced today that it has filed a Certificate of Amendment ("Amendment") to its Amended and Restated Certificate of Incorporation, as amended, to implement a reverse stock split of its common stock with a ratio of one post-split share for every 1,000 shares issued and outstanding on that date (the "Reverse Stock Split") and, following the Reverse Stock Split, to reduce the authorized shares of its common stock from 22,500,000 to 400,000 (collectively, the "Recapitalization"). The Amendment was approved by written consent of the Company's Board of Directors on June 7, 2013 and by written consent of the holders of a majority of the outstanding common stock of the Company on June 12, 2013. A copy of the Amendment has been published through the OTC Disclosure and News Service as Supplemental Information and is incorporated herein by reference.