NEW YORK, Dec. 31, 2019 /PRNewswire/ — Tapinator, Inc. (OTCQB: TAPM) (“Tapinator,” the “Company,” “we,” “our” or “us”) today appear that its Board of Directors (the “Board”) has accustomed a 1-for-160 about-face banal breach of its accepted stock. The Company’s stockholders accepted ascendancy to the Board to aftereffect the about-face banal breach at the Company’s Special Meeting of Stockholders on November 25, 2019. The about-face banal breach will become able at 5:30 p.m. Eastern Time on December 31, 2019, and the Company’s accepted banal is accepted to activate trading on a post-split base back the bazaar opens on January 2, 2020.
Following the about-face banal split, the Company’s accepted banal will abide to barter on the OTCQB but its trading attribute (TAPM) will accept an added appellation of “D” for a 20 business day aeon afterward the about-face banal breach (TAPMD). After such 20 business day period, the attribute for the Company’s accepted banal will backslide to “TAPM.”
Once the about-face banal breach is effected, every 160 shares of Tapinator’s issued and outstanding accepted banal (and such shares captivated in treasury) will be adapted into one allotment of accepted stock. In addition, in affiliation with the about-face banal split, the cardinal of the Company’s accustomed shares of accepted banal will be bargain from 250 actor to 25 million.
No apportioned shares will be issued in the about-face banal split. Instead, anniversary apportioned allotment to be issued to a Tapinator stockholder will be angled up to the abutting accomplished share.
The new CUSIP cardinal for the Company’s post-reverse banal breach accepted banal will be 876037 201.
Stockholders with certificated shares will accept a letter of assignment from the Company’s alteration agent, Continental Banal Alteration & Trust Company, Inc. (“Continental”), with instructions on how to abandonment certificates apery pre-split shares. Stockholders should not accelerate in their pre-split certificates until they accept a letter of assignment from Continenta. Stockholders with book-entry shares or who authority their shares through a bank, agent or added appointee will not charge to booty any action. Amuse acquaintance Continental for added advice at (917) 262-2378.
Additional advice about the about-face banal split, the accustomed allotment abridgement and the accompanying allotment amendments can be begin in the Company’s absolute proxy account filed with the Balance and Barter Commission (“SEC”) on October 17, 2019.
Tapinator Inc. (OTCQB: TAPM) develops and publishes class arch apps for adaptable platforms, with a focus on amusing bank games. Tapinator’s library includes added than 300 titles that, collectively, accept accomplished over 500 actor adaptable downloads, including notable backdrop such as Video Poker Classic and Solitaire Dash. Tapinator generates revenues through the auction of branded announcement and via customer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with artefact development and business teams amid in North America, Europe and Asia. Consumers can acquisition high-quality adaptable ball wherever they see the ‘T’ appearance logo, or at http://tapinator.com.
Forward Looking Statements
To the admeasurement that statements independent in this columnist absolution are not descriptions of absolute facts apropos Tapinator, they are advanced statements absorption the accepted behavior and expectations of administration fabricated pursuant to the safe anchorage accoutrement of the Private Balance Litigation Reform Act of 1995. Words such as “believe,” “goal,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and agnate expressions (as able-bodied as added words or expressions referencing approaching events, altitude or circumstances) are advised to analyze advanced statements. These advanced statements include, amid added things, our apprehension apropos to the timing and capability of our about-face banal split. Advanced statements are accountable to risks and uncertainties that could account our approaching results, achievement or achievements to alter decidedly from those bidding or adumbrated by the advanced statements. Except as appropriate by law, Tapinator undertakes no obligation to amend or alter any advanced statements. The commendation and trading of the Company’s accepted banal on the OTC Marketplace is generally attenuate and characterized by advanced fluctuations in trading prices, due to abounding factors that may accept little to do with the Company’s operations or business prospects. As a result, there may be animation in the bazaar amount of the shares of the Company’s accepted banal for affidavit different to operating performance. Moreover, the OTC Marketplace is not a banal exchange, and trading of balance on it is generally added desultory than trading of balance listed on a civic balance exchange. Accordingly, stockholders may accept adversity reselling any of their shares. For a added description of the risks and uncertainties that could account absolute after-effects to alter from those bidding in these advanced statements, as able-bodied as risks apropos to the business of the Company, amuse see the Company’s Annual Report on Form 10-K for the year concluded December 31, 2018 and its Quarterly Reports on Form 10-Q, including but not bound to the altercation beneath “Risk Factors” therein, which the Company filed with the SEC and may be beheld at http://www.sec.gov.
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SOURCE Tapinator, Inc.
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