FORT LAUDERDALE, FL / ACCESSWIRE / December 14, 2020 / Kaya Holdings, Inc. (OTCQB:KAYS) (
KAYS or the
Company ), today announced that FINRA has approved a 1-for-15 Reverse Split of the Company s common stock (the
Reverse Split ). As a result, every 15 pre-Reverse Split shares of common stock outstanding will automatically combine into one new share of post-Reverse Split common stock without any action on the part of the holders.
Craig Frank, CEO of KAYS, commented, We have taken this positive step to reduce the number of outstanding shares of KAYS common stock which we anticipate will help to enhance liquidity, maximize valuation, and make the Company more attractive to potential investors of all sizes, particularly institutional and international investors.
Kaya Holdings, Inc Announces 1-For-15 Reverse Stock Split - Shares to Begin Trading as KAYSD albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.