trending Market Intelligence /marketintelligence/en/news-insights/trending/cbw2fr4rcofn71cymqvjeg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Four Oaks Fincorp board tweaks reverse stock split proposal

Cable Net Valuation Benchmarks Hit Recent Low In CBS-Viacom Deal

Panjiva Insights: The Global Trade War’s Impact and Road Ahead

US Smart Cities Projects To Push Annual Revenue Over 700 Million In Five-Year Outlook

MI Mobile App


Four Oaks Fincorp board tweaks reverse stock split proposal

The boardof directors of Four Oaks, N.C.-based Four Oaks Fincorp Inc. made amendments to a previouslyproposed 1-for-5 reversestock split of its authorized, issued and outstanding common shares, whichparticularly relates to how fractional shares from the split will be addressed.

Theprevious proposal provided for the issuance of fractional shares under thereverse stock split where holders of common stock, who otherwise would beentitled to receive fractional shares because they hold a number of commonshares prior to the reverse stock split that is not evenly divisible by five,will automatically be entitled to receive an additional fraction of a commonshare to round up to the next whole post-split share.

The companyhas 80 million authorized common stock, with 33,787,081 shares issued andoutstanding, and 2,083,756 shares reserved for issuance. Post-split, thecompany will have 16 million authorized common shares with 6,757,416 sharesissued and outstanding and 416,751 shares reserved for issuance.