Tiderock Companies Announces 4-for-1 Forward Stock Split

Rhea-AI Summary

Tiderock Companies, Inc. (OTC PINK:TDRK) announced a 4-for-1 forward stock split, effective for shareholders of record as of February 28, 2022. The stock split aims to enhance the capital structure's attractiveness, enabling broader investment interest.

Despite the increase in share count, the total market value remains unchanged. The company is finalizing its filing with FINRA, required 10 days prior to the record date. Tiderock specializes in real estate investment and development, managing projects valued over $600 million.

Positive

• 4-for-1 forward stock split to attract a wider range of investors.
• Total market value remains unchanged, indicating stability.
• The company has over $600 million in current projects, showcasing growth potential.

Negative

• None.

BALTIMORE, MD / ACCESSWIRE / February 1, 2022 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC PINK:TDRK), a real estate developer and advisory services company, is announcing its plans to execute a forward share split on the basis of four (4) new common shares for each one (1) old common share (the "Stock Split"). All shareholders of record as at the record date of February 28, 2022 will be entitled to the Stock Split. The total market value of the shares outstanding will not be affected because of this forward split. The primary reason for the Stock Split is to make Tiderock's capital structure more attractive to a wider range of investors. We are currently finalizing the filing for FINRA and are required to file with FINRA 10 days prior to record date.

About Tiderock Companies, Inc.: Tiderock Companies is a real estate investment, advisory services, and development company with over 20 years of experience. We specialize in deal structure and planning, entitlements, budgeting and project management with over $600 million in current projects. Tiderock Companies, Inc. (OTC PINK:TDRK) is headquartered in Baltimore, MD., and can be contacted at www.tiderockcompanies.com or by phone at (800) 791-8433.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

For more information:
Tiderock Companies, Inc.
Thomas B. Fore, CEO
Email: info@tiderockcompanies.com
Phone: (800) 791-8433

SOURCE: Tiderock Companies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/686536/Tiderock-Companies-Announces-4-for-1-Forward-Stock-Split

FAQ

What is Tiderock Companies' stock split announcement date?

Tiderock Companies announced the stock split on February 1, 2022.

What is the ratio of the Tiderock Companies stock split?

The stock split is a 4-for-1 ratio, meaning shareholders will receive four shares for every one share owned.

Who is eligible for the Tiderock stock split?

All shareholders of record as of February 28, 2022, are entitled to the stock split.

What is the purpose of the Tiderock Companies stock split?

The purpose is to make Tiderock's capital structure more attractive to a broader range of investors.

When will Tiderock file with FINRA regarding the stock split?

Tiderock is required to file with FINRA 10 days prior to the record date of February 28, 2022.