Coastal Capital Acquisition Corporation Reverse Stock & More Trending News

 

JACKSONVILLE, Fla., Dec. 02, 2022 (GLOBE NEWSWIRE) — Coastal Capital Acquisition Corporation (OTCMKTS: CCAJ) (“the Company”), is presently listed on the OTC Markets (OTCMKTS) with its image CCAJ. The Company, as of December 1, 2022, has submitted to FINRA a Reverse Stock Split with each ten (10) shares of excellent widespread shares held by every shareholder will mechanically be transformed into one (1) widespread inventory. No fractional shares will probably be issued in reference to the reverse inventory cut up and the par worth stays unchanged. All fractional shares will probably be rounded up. Shareholders holding inventory certificates could contact the Company’s switch agent, Pacific Stock Transfer Company for particulars on the right way to alternate for brand spanking new inventory certificates.

Coastal Capital Acquisition Corporation believes it’s positioned exactly, by way of long-term progress and stability, and appears towards the long run endeavors of the corporate. By effecting the Reverse Stock Split, it’ll make obtainable extra fairness for Strategic Partnerships as well as with financing choices and acquisitions which we imagine will probably be in one of the best curiosity of the shareholders and the corporate.

As a results of the reverse inventory cut up, each 10 shares of excellent widespread inventory will probably be exchanged for 1 share of widespread inventory, with any fractional shares being rounded as much as the subsequent increased complete share. Immediately after the reverse inventory cut up turns into efficient based mostly on the ex-dividend date set by FINRA which the date just isn’t assured, for instance if the ex-dividend date was December 2, 2022, the Company may have roughly 104,973,905 shares of excellent widespread inventory.

About Coastal Capital Acquisition Corporation

Is a builder primarily engaged within the development of single-family homes (SIC 6552) and different buildings on the market on our personal account slightly than as contractors together with renovations. Our secondary enterprise engagement is an Office of Holding (SIC 6719) firms primarily partaking in holding the fairness curiosity in (or securities) firms and enterprises for the aim of proudly owning a controlling curiosity or influencing the administration choices of those companies. Our efforts to establish a potential goal enterprise is not going to be restricted to a selected business or geographic area whereas accessing the wants of a brand new acquisition and take an lively function within the hiring and administration processes.

Forward-Looking Statements

This information launch comprises “forward-looking statements” throughout the which means of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are recognized by means of phrases “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, and related expressions which can be meant to establish forward-looking statements. Such statements contain recognized and unknown dangers, uncertainties, and different elements that would trigger the precise outcomes of Coastal Capital Acquisition Corporation (“CCAJ” or “the Company”) to vary materially from the outcomes expressed or implied by such statements, together with modifications to anticipated sources of revenues, future financial and aggressive situations, difficulties in creating the Company’s expertise platforms, retaining and increasing the Company’s buyer base, fluctuations in shopper spending on the Company’s services or products and different elements. Accordingly, though the Company believes that the expectations mirrored in such forward-looking statements are cheap, there may be no assurance that such expectations will show to be right. The Company disclaims any obligations to publicly replace or launch any revisions to the forward-looking data contained on this presentation, whether or not because of new data, future occasions, or in any other case, after the date of this presentation or to replicate the incidence of unanticipated occasions besides as required by regulation.


        

Coastal Capital Acquisition Corporation Reverse Stock

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Coastal Capital Acquisition Corporation Reverse Stock

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Coastal Capital Acquisition Corporation Reverse Stock

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