Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, today announced that the Company has filed a Certificate of Amendment to its Certificate of Incorporation to implement a 1 for 20 reverse stock split of the Company’s authorized, issued, and outstanding common stock in preparation for its proposed listing of its common stock on the NASDAQ Capital Market.
The reverse split was approved by the Company’s stockholders on February 23, 2017, followed by a unanimous vote by the Board of Directors.
The reverse stock split will become effective with the Financial Industry Regulatory Industry (FINRA), and in the marketplace on June 7, 2017 whereupon the shares will begin trading on a split adjusted basis under the symbol “YGYID”, with a “D” to be added for 20 trading days to signify that the reverse split has occurred.
After that time, the Company’s ticker symbol will once again be “YGYI.” Youngevity’s transfer agent, Fidelity Transfer, will act as exchange agent for the reverse split. Youngevity stockholders will receive forms and notices to exchange their existing shares for new shares from the exchange agent or their brokers. The NASDAQ listing, if approved, is expected to facilitate greater liquidity in the stock as well as enable broader