LOS ANGELES, CA, Could 11, 2022 (GLOBE NEWSWIRE) — Social Life Community, Inc. (OTC: WDLF) and Decentral Life, a Social Life Community, Inc. Division, introduced right now that it has formulated a inventory cut up vary of 100-to-1 as much as 150-to-1, at a minimal share worth of 5 cents, so as to qualify for an up itemizing to NASDAQ or the NYSE.
“Since asserting in Could of 2021 our intentions to up listing the corporate to NASDAQ or the NYSE, administration has adopted by means of on its dedication to guard shareholders by means of the method,” mentioned CEO, Ken Tapp. “Shareholders are sometimes missed by firms targeted on up itemizing from smaller inventory exchanges, and now we have by no means minced our phrases when stating how precious our shareholders are for our TBI (Know-how Enterprise Incubator) enterprise mannequin. After we set out a 12 months in the past to construction the corporate for development and qualifying for an up itemizing, our prime precedence was to ensure our shareholder base was saved intact by means of the method. So, formulating our eventual reverse inventory cut up at 5 cents or larger turned a crucial aim of ours again in This autumn of 2021 once we first introduced to shareholders that we might not conduct a reverse inventory cut up till our share worth reached that worth or larger. I’m thrilled that now we have formulated a reverse inventory cut up of 100-to-1 as much as 150-to-1. Which means we may execute the RS at five-cent share worth or larger, to qualify the corporate for the preliminary bid worth on NASDAQ or NYSE”, add Tapp.
The administration staff is working towards assembly all the necessities to qualify for itemizing on NASDAQ or the NYSE. A minimal bid worth is one such requirement that have to be met, that’s sometimes achieved by means of a reverse inventory cut up by firms presently buying and selling on smaller exchanges beneath that minimal bid worth. Along with a minimal bid worth, an organization should meet all different minimal necessities. To study extra concerning the stipulations to listing on NASDA or the NYSE, please use the next hyperlinks:
https://listingcenter.nasdaq.com/assets/initialguide.pdf
https://www.nyse.com/publicdocs/nyse/listing/NYSE—Initial—Listing—Standards—Summary.pdf
Concerning the Decentral Life
The Firm introduced on August sixteenth, 2021, a brand new division had been fashioned that may focus fully on a world decentralized social community and cryptocurrency mission, named Decentral Life. On January twenty eighth, 2022 the Firm launched its Preliminary Coin Providing (pre-ICO) for the WDLF Token. Decentral Life now offers as a service, tokenization and supporting software program for private and non-private firms to conduct their very own token choices.
About Social Life Community
Social Life Community is a Know-how Enterprise Incubator (TBI) that, by means of particular person licensing agreements, offers tech startups with seed know-how, authorized and govt management, making it simpler for startup founders to give attention to elevating capital, perfecting their enterprise mannequin, and rising their community user-ship. For the reason that formation of the corporate in January of 2013, the Firm has launched area of interest trade social community and e-commerce marketplaces to service the thousands and thousands of enterprise professionals and customers within the residential actual property trade, the authorized international hashish trade, sports activities verticals together with racket sports activities, golf, biking, soccer, house exploration, motor sports activities, journey, searching, fishing, and tenting. Now working as Decentral Life, the TBI program will give attention to blockchain, NFT and cryptocurrency firms to take part in its know-how incubator program in 2022 and past.
For extra info, go to our web site @ https://www.WDLF.ai/
Protected Harbor & Disclaimer
This info additionally comprises sure forward-looking statements throughout the that means of the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements are recognized by way of the phrases “may”, “consider”, “anticipate”, “intend”, “estimate”, “anticipate”, “could”, “proceed”, “predict”, “potential”, “attainable,” “mission” and related expressions which are supposed to determine forward-looking statements. All forward-looking statements communicate solely as of the date of this presentation. You shouldn’t place undue reliance on these forward-looking statements. Though we consider that our plans, goals, expectations and intentions mirrored in or advised by the forward-looking statements are affordable, we may give no assurance that these plans, goals, expectations or intentions shall be achieved.
Ahead-looking statements contain important dangers and uncertainties (a few of that are past our management) and assumptions that would trigger precise outcomes to vary materially from historic expertise and current expectations or projections. Precise outcomes could differ materially from these within the forward-looking statements and the buying and selling worth for our widespread inventory could fluctuate considerably. Ahead-looking statements are also affected by the danger components described within the Firm’s filings with the U.S. Securities and Trade Fee. Besides as required by legislation, we undertake no obligation to replace or revise publicly any forward-looking statements, whether or not on account of new info, future occasions or in any other case, after the date on which the statements are made or to mirror the incidence of unanticipated occasions. No info on this presentation ought to be construed as any indication in any way of the particular future monetary outcomes, revenues, inventory worth or token worth.
Todd Markey Investor Relations Social Life Community, Inc. ir@WDLF.ai 1-855-933-3277
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