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Nutriband Announced 1.2M Shares to be Cancelled from Total Outstanding Shares Following Final Court Judgment in Favor of the Company

Nutriband Announced 1.2M Shares to be Cancelled from Total Outstanding Shares Following Final Court Judgment in Favor of the Company

在法院做出有利于公司的最终判决后，Nutriband宣布从总流通股中注销120万股
Benzinga Real-time News ·  2022/07/26 06:18

Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW) today announced that it has received the Final Judgment in favor of the company, effectively allowing the company to cancel 1.2M shares held by the defendants in the Court case filed in Orlando, Florida, by the Company. The shares in question equate to approximately 15% of the Company's shares now outstanding. The company submitted documentation to American Stock Transfer on July 25 to cancel the 1,200,000 shares as per the judgment and the cancellation is expected to be effective within one business day. The Final Judgment permits the company to cancel 4.8M shares of Nutriband common stock which were issued in 2017 to the defendants for an acquisition which has now been rescinded. Following the Company's reverse split in 2018 the shares in question account for 1.2M shares or approximately 15% of the total outstanding shares of the Company. Following the cancellation of the shares pursuant to the Court's ruling, Nutriband's total outstanding shares will be reduced by 1.2 million shares to 6.6M total outstanding shares.

亚洲网加利福尼亚州圣何塞8月23日电纳斯达克公司(Temasek Holdings：NTRBW)今天宣布，它已收到有利于该公司的最终判决，有效地允许该公司注销该公司在佛罗里达州奥兰多提起的法院案件中被告持有的120万股票。这些股份大约相当于该公司目前已发行股份的15%。该公司于7月25日向American Stock Transfer提交了文件，根据判决注销了120万股，预计注销将在一个工作日内生效。最终判决允许该公司取消2017年为一项收购向被告发行的480万股Nutriband普通股，该收购现已被撤销。本公司于2018年进行反向分拆后，有关股份占本公司已发行股份总数约15%，即120万股。在根据法院裁决注销股份后，Nutriband的总流通股将减少120万股，至660万股。

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