LipidViro clarifies 7-for-1 stock split date

By Lisa Kerner

Erie, Pa., April 17 - LipidViro Tech, Inc. said the correct date for its 7-for-1 stock split announced on April 6 is any date after April 18, the effective date of record. The company had incorrectly identified May 5 as the date.

The 7-for-1 dividend is payable upon mandatory exchange of the old shares, which are replaced by new shares on a 7-to-1 basis, making the dividend payment date the date old shares are exchanged by LipidViro's transfer agent, Atlas Stock Transfer, according to a news release.

LipidViro said its Atlas will automatically make adjustments when class A and warrants are exercised; warrant holders do not need to exchange their certificates.

Located in Salt Lake City, LipidViro is developing proprietary platforms for the treatment of cardiovascular disease and stroke and a purification process for production of pathogen-free biologics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.