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Article: March Indy International Announces Reverse Split.
- Article from:
- PR Newswire
- Article date:
- July 3, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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To Attract Investors for a $15 Million Financing to Build Core Business
MIAMI, July 3 /PRNewswire/ --
March Indy International Inc, (OTC Bulletin Board: INDQ) today announced a 1 for 3 reverse split on all issued and outstanding shares of its common stock. The reverse split is effective on July 5th 2000.
The company's Board of Directors passed a resolution for the reverse split in order to facilitate March's efforts to conduct a three stage financing for $15,000,000.
The 1 for 3 reverse stock split reduces the current outstanding shares of INDQ from 12,089,975 to 4,029,992. The split also reduces the Company's free trading float of ...