Without this majority shareholder approval, no reverse stock split can occur. It would then need to be approved by shareholders owning over 50% of the common stock of the Company. Please also note that in general, if the Company’s board of directors at some time in the future deemed it in the best interests of the Company and its shareholders to recommend a reverse split, it would have to send out a proxy to the common shareholders detailing its reasons. The Company is not pursuing a reverse stock split concurrently, or in conjunction with this Rights Offering. Worth mentioning is that our shareholder count is now at an all-time high, and presently sits at over 400,000 shareholders strong.Īdditionally, I would like to publicly thank HCMC’s 124 employees who have risen to the occasion during the past year despite the unprecedented challenges associated with the pandemic.īefore I discuss the present Rights Offering to our shareholders, I would like to state clearly that this Rights Offering should not be confused with a reverse stock split. (the “Company” or “HCMC”), I would like to take this opportunity to thank our valued shareholders for their support through the years, and also to welcome all of our more recent shareholders. Jeffrey Holman, the CEO of HCMC, released the following letter to HCMC’s stockholders in connection with the Rights Offering:įirst and foremost, on behalf of the Board of Directors, our Executive staff, and everyone at Healthier Choices Management Corp. (OTC Pink: HCMC) today announced that it filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a Rights Offering to its stockholders. HOLLYWOOD, FL, Ap(GLOBE NEWSWIRE) - Healthier Choices Management Corp.
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