Vision Energy (OTC: VENG, VENGD), a forward-looking energy company developing carbon-reduced solutions for the commercial, industrial and transportation sector will effect a one-for-five reverse stock split of its outstanding common stock, effective today. The company announced the reverse split, noting that the decision had been approved by its board of directors; according to Nevada law, stockholder approval is not required for the move. According to the announcement, VENGD’s common stock will be quoted on the OTC using the symbol “VENGD,” representing the reverse split. After 20 days, the ticker will return to “VENG.” In the announcement, the company noted that as a result of the split, every five presplit shares of outstanding common stock will become one share of common stock, resulting in 8,419,515 common shares outstanding and reducing the number of shares of authorized common stock from 200,000,000 to 40,000,000. “It is not necessary for stockholders holding shares of the company’s common stock in certificated form to exchange their existing stock certificates for new stock certificates of the company in connection with the reverse split, although stockholders may do so if they wish,” the company stated in the press release. “Any fractional shares of common stock resulting from the reverse stock split will be rounded up to the nearest whole postsplit share, and no stockholder will receive cash in lieu of fractional shares.”
To view the full press release, visit https://ibn.fm/HACHh
About Vision Energy Corporation
Vision Energy Corporation identifies energy commodities and focuses on originating and developing energy infrastructure projects and assets that facilitate the energy transition through low-carbon energy solutions. The company leverages its experienced team with a vast proven track record in site procurement, accelerating development permitting, facilities design, engineering studies and project management to deliver an efficient and method-driven project-development process. Vision pursues commercial relationships and operating partnerships with energy industry participants and off-takers seeking carbon abatement across feedstock and fuels. Vision Energy is committed to providing low-carbon energy solutions while targeting an attractive investment yield by utilizing and leveraging existing gas, power and logistics infrastructure to enable import and or distribution of reduced-carbon energy for domestic and global value chains. For more information about the company, please visit www.VisionEnergy.com.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork