- Trutankless (OTCPK:TKLS) intends to spin-off its wholly-owned subsidiary Notation Labs Inc.
- The subsidiary company is preparing to file a Form 10 Registration Statement in connection with the planned spin-off.
- On a date determined by the board, each shareholder will be entitled to receive common stock of Notation Labs on a pro rata basis of 4:1. So that for each four shares of common stock of Trutankless, the Shareholder will receive one share of common stock of Notation Labs.
- Immediately following the distribution, those stockholders will own 100% of the outstanding common stock of Notation Labs.