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Article: ACA Capital Holdings Announces 1-for-100,000 Reverse Stock Split of the Company's Common Stock.
- Article from:
- Investment Weekly News
- Article date:
- August 1, 2009
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ACA Capital Holdings, Inc. (OTC: ACAH.PK) announced that the Company has amended the Company's Certificate of Incorporation (the "Certificate of Incorporation") to (1) effect a one for 100,000 reverse stock split of the Company's common stock ("Common Stock") and (2) thereafter restrict the ownership of Common Stock (and any securities of the Company) to "qualified purchasers," as such term is defined in Section 2(a)(51)(A) of the Investment Company Act of 1940 (the "Investment Company Act"), as amended ("Qualified Purchasers"), and restrict transfers of Common Stock solely to Qualified Purchasers. The reverse stock split is necessary for implementing the stock ownership ...
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