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LipidViro clarifies 7-for-1 stock split date
By Lisa Kerner
Erie, Pa., April 17 - LipidViro Tech, Inc. said the correct date for its 7-for-1 stock split announced on April 6 is any date after April 18, the effective date of record. The company had incorrectly identified May 5 as the date.
The 7-for-1 dividend is payable upon mandatory exchange of the old shares, which are replaced by new shares on a 7-to-1 basis, making the dividend payment date the date old shares are exchanged by LipidViro's transfer agent, Atlas Stock Transfer, according to a news release.
LipidViro said its Atlas will automatically make adjustments when class A and warrants are exercised; warrant holders do not need to exchange their certificates.
Located in Salt Lake City, LipidViro is developing proprietary platforms for the treatment of cardiovascular disease and stroke and a purification process for production of pathogen-free biologics.
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