Vortex Brands Announces 25-for-1 Forward Stock Split
News provided by PRCrypto
Vortex Brands Co. (OTC: VTXB) is announcing its plans to execute 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 Forward Split is being conducted on a "push-out" basis and therefore Vortex's CUSIP number and trading symbol will remain the same. 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.
About Vortex Brands Co
The Company operates as Technology Holdings Company that focuses on cryptocurrency sector, particularly Bitcoin Mining. Additional information is available by visiting company's website at https://vortexbrands.us or on twitter at https://twitter.com/Vortexbrands.