Marketing Worldwide Corporation Approves 10 to 1 Forward-Split

Rhea-AI Summary

Marketing Worldwide Corporation (MWWC) has announced a 10 to 1 forward stock split approved during a board meeting on February 16, 2022. The split allows all shareholders of record as of March 31, 2022, to receive 10 shares for every 1 share they own. The company has initiated contact with the Financial Industry Regulatory Authority (FINRA) for the necessary approval to proceed with this action. A formal 8-K filing detailing this split will be submitted, signifying material events under EDGAR regulations.

Positive

• Approval of a 10 to 1 forward stock split could enhance stock liquidity and attract investor interest.
• All shareholders on record as of March 31, 2022, will benefit from the split, increasing their share count.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / February 17, 2022 / Marketing Worldwide Corporation, (OTC PINK:MWWC), 'the Company', has APPROVED a 10 to 1 Forward-Split.

Marketing Worldwide Corporation ('MWWC'), held a closed door meeting on February 16^th, 2022 at 6PM EST with Legal Counsel, the Board of Directors and Accounting to discuss and approve a 10 to 1 forward split, which passed with unanimous consent.

All shareholders of record on March 31^st, 2022 at the close of market (4:30PM EST) will be included in the forward split; thereby, receiving 10 shares of common stock for every 1 share of common stock held in their account.

An official 8k will be released on EDGAR under 3.03 and 5.03 material events.

The Company has already reached out to the Financial Industry Regulatory Authority (FINRA) for information on executing this action. Application will be submitted for FINRA's approval.

Contact Information

Twitter: @MWWCOfficial
Email: LetsConnect@marketingworldwide.co
Website: www.marketingworldwide.co

Forward Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: Marketing Worldwide Corp. ("MWWC")

View source version on accesswire.com:
https://www.accesswire.com/689165/Marketing-Worldwide-Corporation-Approves-10-to-1-Forward-Split

FAQ

What is the significance of the 10 to 1 forward split for MWWC shareholders?

The 10 to 1 forward split will increase the number of shares held by shareholders, potentially improving liquidity.

When will the MWWC forward stock split take effect?

The stock split will take effect for shareholders of record on March 31, 2022.

What is the next step after MWWC's approved forward split?

MWWC will submit an application to FINRA for the approval of the forward stock split.

How does a forward stock split affect the price of MWWC stock?

Typically, a forward stock split results in a proportional decrease in the stock price, maintaining the overall market capitalization.

Where can I find more information about MWWC's forward stock split?

Further details will be available in an official 8-K filing with EDGAR and through the company's communications.