Another Cannabis Company Opts For Reorganization, Here's What Investors Need To Know
Another Cannabis Company Opts For Reorganization, Here's What Investors Need To Know
On Tuesday, Unrivaled Brands, Inc. (OTCQB:UNRV) revealed its intentions to implement a reorganization in which a new Delaware holding company, Blum Holdings, Inc., would become the publicly traded holding company of Unrivaled Brands and its subsidiaries.
周二，无与伦比的品牌公司(OTCQB：UNCLOV)透露其意图实施重组，其中特拉华州的一家新控股公司Blum Holdings，Inc.会变成无与伦比的品牌及其子公司的上市控股公司。
Details
细节
Under the reorganization, each outstanding share of Unrivaled's common stock and Series V preferred stock would be exchanged automatically on a one-for-one basis for a share of common stock and Series V preferred stock, respectively, of Blüm.
根据重组，无与伦比的普通股和V系列优先股的每一股流通股将在一对一的基础上自动交换为BLÜm的普通股和V系列优先股。
Any outstanding securities convertible or exercisable for shares of Unrivaled common stock will become securities convertible or exercisable for shares of Blüm common stock. The directors and executive officers of Blüm will be the same as those for Unrivaled and the business operations will continue from current office locations and companies.
对于无与伦比的普通股，任何可转换或可行使的流通股都将成为BLÜm普通股的可转换或可行使的证券。BLÜm的董事和高管将与无与伦比的相同，业务运营将从现有的办公地点和公司继续进行。
In connection with the annual meeting, the Unrivaled stockholders will also be asked to approve, among other proposals, a reverse stock split of the company's common stock at a ratio determined by the board of directors of Unrivaled in the range between a 1-for-70 to 1-for-100. If Unrivaled's stockholders approve, the reverse stock split will be implemented immediately before the reorganization.
关于年度会议，还将要求无与伦比的股东批准公司普通股的反向股票拆分，其比例由无与伦比的公司董事会确定，范围在70股1股到100股1股之间。如果无敌的股东批准，反向股票拆分将在重组前立即实施。
What's Next
接下来是什么？
Subject to the approval of the reorganization by Unrivaled's stockholders at the 2023 annual meeting of stockholders and certain other customary conditions, Unrivaled expects the reorganization to be completed in the fourth quarter of 2023.
在获得无与伦比的股东在2023年股东年会上批准重组以及某些其他惯例条件的情况下，无与伦比预计重组将于2023年第四季度完成。
As a result of the reorganization, current Unrivaled stockholders would become stockholders of Blüm with the same number and percentage of shares as they held in Unrivaled immediately prior to the reorganization, subject to any changes from the implementation of the reverse stock split.
作为重组的结果，现有的无与伦比的股东将成为BLÜm的股东，所持股份的数量和百分比与紧接重组前的无与伦比的股东相同，但受实施反向股票拆分的任何变化的限制。
UNRV Price Action
社运价格行动
Unrivaled's shares traded 1.6028% higher at $0.022 per share at the market close on Tuesday.
无与伦比的股价上涨1.6028%，至每股0.022美元。在周二市场收盘时。
Related News
相关新闻
- Unrivaled Brands Revenue Declines 44% YoY In Q2, Profit Follows Suit
- Unrivaled Brands Appoints CEO As Chairman of the Board And COO As Director
- Unrivaled Brands Q1 FY23 Revenue Declines 52.7% YoY, What About Profit?
- 无与伦比的品牌第二季度收入同比下降44%，利润紧随其后
- 无与伦比的品牌任命首席执行官为董事会主席，任命首席运营官为董事
- 无与伦比的品牌23财年第一季度收入同比下降52.7%，利润情况如何？
Photo: Courtesy of geralt, lindsayfox Pixabay
图片：由Geralt，Lindsayfox Pixabay提供