Micron Solutions Stock Price, News & Analysis
MICR
OTC
Company Description
Micron Solutions, Inc. (OTCQB: MICR) is a diversified contract manufacturing organization based in Fitchburg, Massachusetts. Through its subsidiary, Micron Products, Inc., the company specializes in producing highly engineered components utilizing precision machining and injection molding technologies. Micron Solutions is a market leader in manufacturing medical device components, sensors for disposable electrophysiological sensors, and components for military, law enforcement, industrial, and automotive applications. The company's strategic focus is on building a best-in-class contract manufacturer with a specialized expertise in plastic injection molding and precision machining for medical devices.
Stock Performance
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Performance 1 year
$4.7M
Market Cap
3.2M
Shares outstanding
Latest News
SEC Filings
No SEC filings available for Micron Solutions.
Financial Highlights
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Net Income (TTM)
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Upcoming Events
Frequently Asked Questions
What is the market cap of Micron Solutions (MICR)?
The market cap of Micron Solutions (MICR) is approximately 4.7M.
What is Micron Solutions, Inc. known for?
Micron Solutions, Inc. is known for being a diversified contract manufacturing organization that specializes in producing highly engineered medical device components, sensors, and components for various applications.
What is the strategic focus of Micron Solutions?
The strategic focus of Micron Solutions is to build a best-in-class contract manufacturer with a specialized expertise in plastic injection molding and precision machining for medical devices.
What recent proposal did Micron Solutions announce?
Micron Solutions recently announced a proposal to enact a 1-for-1,000 reverse stock split, followed by a 1,000 to 1 forward stock split for the company's Common Stock.
How does Micron Solutions plan to enact the Stock Splits?
The Stock Splits will be enacted through the filing of amendments to the company's Certificate of Incorporation with the Secretary of State of Delaware, subject to the approval of the company's stockholders.
What is the primary purpose of the Stock Splits for Micron Solutions?
The primary purpose of the Stock Splits is to maintain the number of record holders below 300, provide liquidity to Cashed-Out Stockholders, and reduce costs by eliminating public reporting obligations.
How does Micron Solutions intend to treat shareholders who hold shares in 'street name'?
Micron Solutions intends to instruct banks, brokers, or other nominees to effect the Stock Splits for their customers holding the company's Common Stock in 'street name.'
What factors did the Board consider in approving the proposal for Stock Splits?
The Board considered factors such as the Company's historical performance, current management projections, the Cash Payment premium, and the benefits of reducing costs and eliminating public reporting obligations.
From where does Micron Solutions expect to fund the Cash Payment and costs related to the Stock Splits?
Micron Solutions expects to pay the Cash Payment to Cashed-Out Stockholders and the costs related to the Stock Splits from cash on hand and subscriptions for the purchase of subordinated secured promissory notes.
What is the Company's plan following the enactment of the Stock Splits?
Following the enactment of the Stock Splits, Micron Solutions expects not to be traded on the OTC Markets with trading only done privately.
What is the Company's approach to forward-looking statements and future performance?
Micron Solutions advises that forward-looking statements made are based on current expectations involving risks and uncertainties, and actual results may differ materially from what is expressed or implied in these statements.