EGOC News. EGOC completes reverse stock split,
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Posted On: 04/18/2023 6:48:34 AM
EGOC News.
EGOC completes reverse stock split, taking a further step towards entering the US capital market
NEWS PROVIDED BY
Energy 1 Corp.
Apr 18, 2023, 06:44 ET
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SHANGHAI, April 18, 2023 /PRNewswire/ -- On March 30, 2023, Energy 1 Corp. (OTC: EGOC) (the "Company"
, innovative technology-based enterprise as future core business, has officially effected the reverse stock split of its shares of common stock through regulatory approval from FINRA. Following the reverse stock split, the total number of shares of common stock issued and outstanding after the reverse stock split is now 52,410,857, which will optimize the Company's shareholder base and prepare for a potential transfer to another exchange in the future. After the reverse stock split, the number of common stock issued and outstanding has decreased, the stock price has increased proportionally, the transaction costs for investors has reduced, which help promote active trading and increase stock liquidity. The Company intends to inject high-quality business entities into the Company after the reverse stock split, which will help promote the Company's business and increase shareholders' returns, and is a significant milestone for the Company's potential transfer to another stock exchange.
Following the completion of the reverse stock split, the Company intends to inject high-quality business entities into the Company, implement a unified financial data preparation, and build up foundations for the potential transfer to another stock exchange. The Company has been committed to modern agriculture and biotechnology development, upgrading the industry to a systematic and refined level, and combining upstream and downstream resources to achieve both technological enhancement and enterprise profitability.
EGOC intends to inject high-quality business entities into the Company, including cross-border intelligent e-commerce, biotechnology, ecological black pigs etc. Additionally, the Company has already laid out sustainable energy projects worldwide to develop the wind power and photovoltaic systems in Xinjiang and continuously adding new power to the Company's future profitability.
As an innovative technology company, the Company is committed to the modern agriculture, health, and new energy industries, providing ecofriendly and healthy products to all existing and potential customers with the advanced technology, continuing to provide differentiated services to all customers, and moving towards a potential transfer to another stock exchange.
EGOC completes reverse stock split, taking a further step towards entering the US capital market
NEWS PROVIDED BY
Energy 1 Corp.
Apr 18, 2023, 06:44 ET
SHARE THIS ARTICLE
SHANGHAI, April 18, 2023 /PRNewswire/ -- On March 30, 2023, Energy 1 Corp. (OTC: EGOC) (the "Company"
, innovative technology-based enterprise as future core business, has officially effected the reverse stock split of its shares of common stock through regulatory approval from FINRA. Following the reverse stock split, the total number of shares of common stock issued and outstanding after the reverse stock split is now 52,410,857, which will optimize the Company's shareholder base and prepare for a potential transfer to another exchange in the future. After the reverse stock split, the number of common stock issued and outstanding has decreased, the stock price has increased proportionally, the transaction costs for investors has reduced, which help promote active trading and increase stock liquidity. The Company intends to inject high-quality business entities into the Company after the reverse stock split, which will help promote the Company's business and increase shareholders' returns, and is a significant milestone for the Company's potential transfer to another stock exchange. Following the completion of the reverse stock split, the Company intends to inject high-quality business entities into the Company, implement a unified financial data preparation, and build up foundations for the potential transfer to another stock exchange. The Company has been committed to modern agriculture and biotechnology development, upgrading the industry to a systematic and refined level, and combining upstream and downstream resources to achieve both technological enhancement and enterprise profitability.
EGOC intends to inject high-quality business entities into the Company, including cross-border intelligent e-commerce, biotechnology, ecological black pigs etc. Additionally, the Company has already laid out sustainable energy projects worldwide to develop the wind power and photovoltaic systems in Xinjiang and continuously adding new power to the Company's future profitability.
As an innovative technology company, the Company is committed to the modern agriculture, health, and new energy industries, providing ecofriendly and healthy products to all existing and potential customers with the advanced technology, continuing to provide differentiated services to all customers, and moving towards a potential transfer to another stock exchange.
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