Effective near the date of December 21, 2020, Reliv International will delist its common stock from trading on the NASDAQ Stock Exchange.
The company announced it will suspend its obligations to file reports with the U.S. Securities and Exchange Commission. The delisting is expected to take effect 10 days after the company’s official filing.
This decision comes voluntarily after the company’s leadership reviewed the financial and administrative burden of its Nasdaq listing. The company’s 1-for-2,000 reverse stock split of its common stock will be immediately followed by a 2,000-for-1 forward stock split, as previously approved by a majority of common stockholders. Stockholders owning fewer than 2,000 common stock shares will be converted into the right to receive a cash payment of $3.75 per share. Registered stockholders with more than 2,000 common stock shares will not be cashed out and total shares will not change.
