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Standard Dental Labs (OTCMKTS: TUTH) announced the appointment of Nirmal Sekhri to its Board of Directors, effective immediately.
Mr. Sekhri brings over two decades of experience in strategic sales and entrepreneurship, having managed $187 million in contracted sales at Trane Technologies and founded TheraSpa Service Group, Arizona's largest spa and water care provider.
CEO James Brooks highlighted Sekhri's commercial and strategic expertise as pivotal for Standard Dental Labs' growth and expansion across Florida. The company aims to consolidate and modernize the dental laboratory industry through strategic acquisitions and operational excellence.
Standard Dental Labs (formerly Costas Inc.) announced FINRA's approval of its name change and ticker symbol transition from 'CSSI' to 'TUTH'. The company will implement a 20:1 reverse stock split effective March 13, 2025, with split-adjusted trading beginning March 14, 2025.
The stock will temporarily trade as 'CSSID' for 20 business days before changing to 'TUTH' around April 10, 2025. The company's outstanding shares will decrease from approximately 572,206,363 to 28,610,318 post-split. The authorized capital remains at 2 billion shares.
All fractional shares will be rounded up, and existing securities (options, warrants, preferred stock, convertible notes) will be adjusted according to the 20:1 ratio. Transfer Online Inc. will manage the exchange process, with stockholders not required to exchange existing certificates.
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