other material
confidence high
sentiment negative
materiality 0.60
Cyber Apps World announces 840-for-1 reverse stock split due to low share price and financing difficulties
Leopard Energy, Inc.
- Outstanding shares: 847,848,705; each 840 pre-split shares become 1 post-split share.
- Post-split authorized capital: 250M common shares at $0.001 par value; preferred unchanged.
- Reverse split subject to regulatory approval; record and effective dates not yet set.
- Board cites stock price near/at par value and inability to finance via equity as reasons.