![]() ![]() Shareholders with shares held in certificate form will receive from Computershare instructions regarding the exchange of their certificates. ("Computershare"), to act as its exchange agent for the reverse split. The Company has retained its transfer agent, Computershare Trust Company, N.A. The reverse stock split affects all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's common stock, except for adjustments that may result from the treatment of fractional shares as described above. No fractional shares of common stock will be issued as a result of the reverse stock split and instead holders of Minim common stock will receive a cash payment in lieu of fractional shares to which they would otherwise be entitled. This will reduce the Company's outstanding common stock from approximately 47.15 million shares to approximately 1.89 million shares. The reverse stock split is being implemented to increase the per share trading price of the Company's common stock, for the purpose of ensuring a share price complying with the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market.Īt the effective time of the reverse stock split, every twenty-five (25) shares of Minim common stock issued and outstanding will be combined into one (1) share of common stock issued and outstanding, with no change to the par value of $0.01 per share.
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