LOS ANGELES, CA, Might 11, 2022 (GLOBE NEWSWIRE) — Social Life Community, Inc. (OTC: WDLF) and Decentral Life, a Social Life Community, Inc. Division, introduced in the present day that it has formulated a inventory cut up vary of 100-to-1 as much as 150-to-1, at a minimal share value of 5 cents, to be able to qualify for an up itemizing to NASDAQ or the NYSE.
“Since asserting in Might of 2021 our intentions to up checklist the corporate to NASDAQ or the NYSE, administration has adopted by on its dedication to guard shareholders by the method,” stated CEO, Ken Tapp. “Shareholders are sometimes neglected by firms targeted on up itemizing from smaller inventory exchanges, and we’ve by no means minced our phrases when declaring how invaluable our shareholders are for our TBI (Know-how Enterprise Incubator) enterprise mannequin. Once we set out a yr 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 stored intact by the method. So, formulating our eventual reverse inventory cut up at 5 cents or greater grew to become a vital objective of ours again in This fall of 2021 once we first introduced to shareholders that we’d not conduct a reverse inventory cut up till our share value reached that value or greater. I’m thrilled that we’ve formulated a reverse inventory cut up of 100-to-1 as much as 150-to-1. Which means that we might execute the RS at five-cent share value or greater, to qualify the corporate for the preliminary bid value on NASDAQ or NYSE”, add Tapp.
The administration group is working towards assembly all the necessities to qualify for itemizing on NASDAQ or the NYSE. A minimal bid value is one such requirement that have to be met, that’s usually achieved by a reverse inventory cut up by firms at present buying and selling on smaller exchanges underneath that minimal bid value. Along with a minimal bid value, an organization should meet all different minimal necessities. To study extra in regards to the conditions to checklist 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
In regards to the Decentral Life
The Firm introduced on August sixteenth, 2021, a brand new division had been fashioned that may focus solely 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 supplies 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 particular person licensing agreements, supplies tech startups with seed expertise, 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 business social community and e-commerce marketplaces to service the thousands and thousands of enterprise professionals and shoppers within the residential actual property business, the authorized world hashish business, sports activities verticals together with racket sports activities, golf, biking, soccer, area exploration, motor sports activities, journey, looking, 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 expertise incubator program in 2022 and past.
For extra data, go to our web site @ https://www.WDLF.ai/
Secure Harbor & Disclaimer
This data additionally accommodates sure forward-looking statements throughout the that means of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements are recognized by way of the phrases “might”, “imagine”, “anticipate”, “intend”, “estimate”, “count on”, “could”, “proceed”, “predict”, “potential”, “potential,” “mission” and comparable expressions which can be supposed to determine forward-looking statements. All forward-looking statements converse solely as of the date of this presentation. You shouldn’t place undue reliance on these forward-looking statements. Though we imagine that our plans, targets, expectations and intentions mirrored in or advised by the forward-looking statements are affordable, we can provide no assurance that these plans, targets, expectations or intentions will likely be achieved.
Ahead-looking statements contain vital dangers and uncertainties (a few of that are past our management) and assumptions that might 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 value for our widespread inventory could fluctuate considerably. Ahead-looking statements are also affected by the chance elements described within the Firm’s filings with the U.S. Securities and Change 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 data, 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 data on this presentation must be construed as any indication by any means of the particular future monetary outcomes, revenues, inventory value or token worth.
Todd Markey Investor Relations Social Life Community, Inc. ir@WDLF.ai 1-855-933-3277
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