In connection with the implementation of the reverse stock split, the Board recommended, and the shareholders approved, a decrease to the authorized capital stock of the Company. The new authorized capital stock of the Company will be 70,000,000 total shares, consisting of 60,000,000 shares of common stock and 10,000,000 shares of Series A Preferred shares. Currently, the authorized capital stock of the Company is 3,250,000,000, consisting of 3,000,000,000 shares of common stock and 250,000,000 shares of Series A Preferred Stock. As of today’s date, there are approximately 2 billion shares of common stock issued and outstanding. Upon the reverse stock split this will be equal to approximately 3.3 million shares.Information for Viral Genetics Shareholders
Viral Genetics Announces Details Of Corporate Restructuring, Including Name Change, Reverse Stock Split And Increase To Authorized Capital
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