other material
confidence high
sentiment positive
materiality 0.65
Barfresh completes 1-for-13 reverse stock split for uplist; expects Q4 revenue >$2M
BARFRESH FOOD GROUP INC.
- Reverse stock split at 1:13 reduces outstanding shares from ~167.8M to ~12.9M.
- Stock to trade temporarily as BRFHD; CUSIP becomes 06753220.
- Company expects Q4 2021 revenue to exceed $2M, its highest quarterly revenue ever.
- CEO cites doubled school count, reorders from restaurants and military, and no debt.
- Split intended to meet stock price requirements for listing on a National Exchange.