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Glink Arts Global Group, Inc. (formerly SPBV) has submitted a Corporate Action Notice to FINRA for recapitalization and a trading symbol change. This follows a Corporate Combination Agreement with Glink Apps, where GLINK shareholders will exchange their shares for new SPBV common stock after a 500-for-1 reverse stock split. The Declaration Date is December 2, 2021, with the Record Date set for December 21, 2021. The company aims to enhance shareholder value following this restructuring, as stated by Chairman and CEO David Chinh Truong.
On June 2, 2021, Sports Pouch Beverage Company (SPBV) announced a Corporate Combination Agreement with Glink Apps International (GLINK). Under this agreement, GLINK shareholders will exchange shares for 91,082,073 new SPBV shares, following a 500-for-1 reverse stock split. SPBV will rebrand as Glink Arts Global Group and has set key action dates: Declaration Date (June 2), Record Date (June 24), and Effective Date (June 25). GLINK has engaged PHILUX Capital Advisors for corporate restructuring aimed at NASDAQ listing. Both companies expect this merger to enhance shareholder value.
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