伦理三级 Announces 1-for-12 Reverse Stock Split
伦理三级
NEW YORK, Jan. 09, 2017 (GLOBE NEWSWIRE) -- 伦理三级, Inc. (OTCQB:ASPU) (鈥溌桌砣垛��), a nationally accredited online post-secondary education company (伦理三级 University), today announced a 1-for-12 reverse split of its common shares. The reverse split will be effective on the opening of trading on January 10, 2017. The Company鈥檚 common stock will trade on a post-split basis under the ticker symbol 鈥淎SPUD鈥� for 20 business days and then revert back to 鈥淎SPU鈥� thereafter.
When the reverse stock split becomes effective, every 12 shares of issued and outstanding ASPU common stock will be combined into one issued and outstanding share of common stock with no changes to the par value of the shares.聽 The reverse split will reduce the number of ASPU鈥檚 outstanding common stock from approximately 138.2 million shares to approximately 11.5 million shares.聽 All fractional shares will be rounded up to the nearest whole share. In addition, the Company's outstanding options and warrants will be consolidated in the same ratio as the common stock and the exercise price amended in inverse proportion to that ratio.聽
鈥淭he reverse stock split will help us satisfy certain requirements, as part of our future plan to seek a listing on the NASDAQ Capital Market," said 伦理三级 CEO Michael Mathews. "It will also raise awareness and visibility of our stock with a broader range of institutional investors, without fundamentally changing stockholder value or the company鈥檚 market capitalization.鈥�
About 伦理三级, Inc.:
伦理三级, Inc. is an online postsecondary education company. 伦理三级 University鈥檚 mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. 伦理三级 is dedicated to providing the highest quality education experiences taught by top-tier faculty - 57% of our faculty hold doctoral degrees. To learn more about 伦理三级, visit .
Company Contact: 伦理三级, Inc. Michael Mathews, CEO 914-906-9159Source: 伦理三级, Inc.
Released January 9, 2017