OriginClear Inc. (OCLND) Implements Reverse Stock Split Aimed to Strengthen Capital Structure
Nov 12, 2019
OriginClear Inc. (OTC: OCLND), an advanced player in the decentralized water revolution, has announced the implementation of a 1-for-2000 reverse stock split as part of a solid financial plan designed to strengthen capital structure for future growth and acquisitions (http://nnw.fm/GnSX9). OriginClear is well-positioned in the water treatment sector, which is anticipated by some to become a trillion-dollar industry by 2020. As water scarcity looms, noted as “one of the three global systemic risks of highest concern” by The World Economic Forum, increasing numbers of businesses are looking beyond municipalities for ways to take their location’s water-treatment into their own hands. OriginClear is ready to fill this void with its onsite, point-of-use water-treatment systems which it has been pioneering the last several years, and its reverse stock split is another achievement on its path to empowering companies around the world to achieve self-reliant water independence.
The company’s reverse stock split is anticipated to help maintain the company’s bid price listing requirements on the OTCQB Venture Exchange. Implemented on October 24, the stock split resulted in the number of OriginClear outstanding shares of common stock decreasing from an estimated 6.2 billion to…
NOTE TO INVESTORS: The latest news and updates relating to OCLN are available in the company’s newsroom at http://nnw.fm/OCLN
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