other material
confidence high
sentiment neutral
materiality 0.60
GBT Technologies approves 50:1 reverse stock split; filing made with Nevada Secretary of State
GBT Technologies Inc.
- Board approved 50:1 reverse split; every 50 existing shares converted into 1 share.
- Certificate of Change filed with Nevada Secretary of State on Sep 10, 2021, subject to FINRA approval.
- No fractional shares; shareholders with fractional interests will receive an additional full share.
- Reverse split does not change percentage ownership except for fractional adjustments.
- FINRA notified on Sep 13, 2021; effective date not yet declared.