Interlapse Announces 2-for-1 Forward Stock Split

Interlapse Announces 2-for-1 Forward Stock Split

PR Newswire

VANCOUVER, Aug. 15, 2019 /PRNewswire/ – Virtual currency applications developer, Interlapse Technologies Corp. (TSXV: INLA), announces that it will forward split its common shares on the basis of two (2) new common shares for each one (1) old common share. All shareholders of record on August 23, 2019 will be entitled to the stock split.

Interlapse currently has 8,732,822 common shares issued and outstanding, which will be increased to approximately 17,465,644 common shares after the stock split is completed.

The stock split is intended to create additional liquidity and attract a broader range of investors.

Shareholders do not need to take any action with respect to the stock split. Interlapse’s transfer agent will send owners of common shares a DRS advice letter in lieu of a share certificate, which will represent the additional number of common shares to be received as a result of the stock split. 

As per TSXV policy, the stock split is being conducted on a “push-out” basis and therefore Interlapse’s CUSIP number will remain the same. The common shares of Interlapse will trade on a due bill basis from August 22, 2019 to August 28, 2019, being the effective date for the share subdivision, inclusively. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as a stock split. In this instance, the entitlement is to the additional common shares issuable as a result of the stock split. Any trades that are executed on the TSXV during this period will be flagged to ensure purchasers receive the entitlement to the additional common shares issuable as a result of the stock split. Interlapse’s common shares will commence trading on a split-adjusted basis on August 29, 2019, at which time, the common shares will no longer have entitlement to additional common shares. The due bill redemption date will be August 30, 2018.

About Interlapse Technologies Corp.
Based in Vancouver, Canada, Interlapse is developing the next generation of virtual currency applications.  Our platform, with payment and financial infrastructure, accelerates the global mega trend of virtual currency adoption and the transformation of money.

Interlapse is a publicly traded company on Canada’s TSX Venture Exchange, trading symbol: INLA. Interlapse has 8,732,822 shares issued (10,037,822 fully diluted).

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Interlapse. In making the forward-looking statements, Interlapse has applied certain assumptions that are based on information available, including Interlapse’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Interlapse does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Interlapse Technologies Corp.

RAADR Announces One-For-Five Thousand Reverse Stock Split

RAADR Announces One-For-Five Thousand Reverse Stock Split

PR Newswire

PHOENIX, Aug. 13, 2019 /PRNewswire/ — RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms with artificial intelligence, announced Tuesday August 13th that its Board of Directors approved a one-for-five thousand (1-for-5,000) reverse stock split (the” Reverse Split”) of its common stock that will become effective today, August 13, 2019.

The Company filed Articles of Amendment in Nevada to effectuate the Reverse Split.

The Reverse Split affects only the outstanding common stock of the Company.

The Company is authorized to issue 9,000,000,000 shares of common stock.

Prior to the Reverse Split, the Company had 5,298,840,880 shares of common stock outstanding.

Following the Reverse Split, the Company will have approximately 1,059,770 shares of common stock, which number will be adjusted for rounding. (In lieu of fractional shares, the shares of common stock following the Reverse Split will be rounded up to the nearest whole share.)

Beginning on August 13, 2019, the Company’s common stock will trade on the OTC Pink Markets on a Reverse-Split adjusted basis.

On September 27, 2018, the Board of Directors of the Company approved the Reverse Split.

On September 27, 2018, the shareholders of the Company, acting by written consent, approved the Reverse Split.

The Reverse Split uniformly affects all issued and outstanding shares of the Company’s common stock.

The Reverse Split will not alter any stockholder’s percentage ownership interest in RAADR, except to the extent that the Reverse Split requires the issuance of additional shares for rounding purposes.

The par value of the Company’s common stock will remain unchanged at $0.001 per share following the reverse stock split.

Manhattan Transfer Registrar Co. (Manhattan) is acting as the exchange agent and transfer agent for the Reverse Split. Manhattan will provide instructions to stockholders with physical certificates regarding the optional process for exchanging their pre-Reverse Split stock certificates for post-Reverse Split stock certificates.

“We are happy to get this finally approved and moving forward in the right direction,” said CEO Jacob DiMartino.

Media Contact:
Jacob Dimartino
(480) 755-0591

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Jerrick Media Holdings, Inc. Announces 1-for-20 Reverse Stock Split


Jerrick Media Holdings, Inc. Announces 1-for-20 Reverse Stock Split

PR Newswire

FORT LEE, N.J., July 30, 2019 /PRNewswire/ – Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the “Company” or “Jerrick”) a technology company and the creator of Vocal, today announced that it has effected a 1-for-20 reverse stock split of the Company’s issued and outstanding shares of common stock, together with a proportionate reduction in the number of authorized shares of the Company’s common stock (the “Reverse Split”). The Reverse Split became effective at market open today, July 30, 2019. The Company’s common stock will trade on a split-adjusted basis under the temporary OTC ticker “JMDAD” for 20 trading days. After that period, the ticker symbol will revert to “JMDA.”

(PRNewsfoto/Jerrick Media Holdings, Inc.)

The intent of the Reverse Split is to improve the Company’s equity structure in advance of its intended pursuit of an uplist to The NASDAQ Capital Market.

Jerrick CEO Jeremy Frommer commented, “With the continued support of shareholders, advisors and, most importantly, the half-million registered Vocal creators, we continue to stay similarly focused on revenue and developing the Vocal platform. Creating opportunity from the underlying technology translates to a win-win strategy for shareholders, with Jerrick delivering on both growth and value.”

With the approval of the majority of Jerrick’s stockholders and the Board of Directors, Jerrick effected the Reverse Split by filing an amendment to its certificate of incorporation reflecting the approved split ratio. 

The Reverse Split will affect all holders of common stock uniformly and will not alter any stockholder’s percentage ownership interest in Jerrick, except to the extent that the split would result in a stockholder owning a fractional share.  All fractional shares will be rounded up to the next whole share, and no fractional shares of common stock will be entitled to receive a proportional cash payment. The split will not change the par value of the common stock or the authorized number of shares of preferred stock of Jerrick. The number of shares of common stock issued subject to stock options, warrants, or convertible securities will automatically be proportionately decreased by the split ratio and the exercise price or conversion ratio will automatically be proportionately increased by the same split ratio. Warrant and option holders do not need to submit their warrants or option agreements for exchange, the adjustment will be made automatically.

Jerrick’s transfer agent, Pacific Stock Transfer, will instruct certificate stockholders on the exchange process once the Reverse Split takes effect. Stockholders holding their shares in the book-entry form or in brokerage accounts need not take any action in connection with the Reverse Split. Beneficial holders are encouraged to contact their bank, broker or custodian with procedural questions.

The Reverse Split has no inherent effect on the Company’s value. The Company’s total market capitalization remains the same and the Company has fewer outstanding shares. Post-Reverse Split, the Company will have 15 million shares of common stock authorized and approximately 8.7 million shares of common stock issued and outstanding.

Additionally, the Company continues to work on closing the Seller’s Choice transaction as first announced in a May 2019 press release. The acquisition is expected to close in late 3rd quarter 2019.

About Jerrick
Jerrick is a holding company that develops technology-based solutions. Its flagship product Vocal is a long-form, digital publishing platform focused on supporting content creators by providing them with publishing tools and monetization features that are embedded within digital communities. Vocal is architected to enable targeted marketing of branded content and e-commerce opportunities embedded within long-form content. Vocal’s community sites are managed by a dedicated team, whose primary focus is on creating safe communities and identifying monetization opportunities within them.

For more information please review Jerrick’s Investor Presentation:

Safe Harbor Statement
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements speak only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

Company Contact:

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SOURCE Jerrick Media Holdings, Inc.