- EQUATOR Beverage Company (OTCQB: MOJO) announces a 1-for-2 reverse stock split.
- The authorized shares will be reduced from 20,000,000 to 10,000,000.
- Strategic initiative aims to enhance capital structure and trading efficiency.
EQUATOR Beverage Company (ticker: MOJO) has unveiled a strategic plan involving a 1-for-2 reverse stock split coupled with a reduction in authorized shares from 20,000,000 to 10,000,000. This move is designed to consolidate two existing shares into one new share, pending FINRA review, and aims to improve the company's capital structure and trading efficiency.
The company anticipates that the reverse split will increase visibility with institutional investors, reduce trading volatility, and potentially position the company for an uplisting. As part of this action, fractional shares will be rounded up, and shareholders are not required to take any action.
In addition to these changes, EQUATOR Beverage Company will continue its buyback program, emphasizing its commitment to disciplined financial management and long-term shareholder value creation. The organization believes these changes will support its national beverage brands and align its capital structure with long-term strategic goals.
