B2Digital, Incorporated Announces Change of Trading Symbol and Reverse Split
SHERMAN OAKS, Calif., Dec. 12 /PRNewswire-FirstCall/ -- B2Digital,
Incorporated (the "Company") (Pink Sheets: BTDG) announced today that its
previously disclosed one for two hundred reverse stock split of its common
stock will become effective as of the open of business on December 12,
2007. In connection with the reverse stock split, the Company has changed
its stock symbol from BTOD to BTDG for its common stock.
The reverse split reduces the number of shares of the Company's issued
and outstanding common stock from approximately 169,373,971 shares to
approximately 846,870 shares of common stock, without taking into account
the issuance of any common stock to allow for fractional shares. Fractional
shares created as a result of the stock split will be rounded up to the
next whole share. As previously disclosed in the Company's information
statement on Schedule 14C filed on November 2, 2007, the Company's
outstanding Series A Convertible Preferred Stock and Series B Convertible
Preferred Stock, including the conversion and voting rights as applicable,
will not be subject to the reverse split. Further, outstanding stock
options to purchase an aggregate of 5,000,000 shares of the Company's
common stock will not be affected by the reverse split.
The Company's transfer agent will act as "exchange agent" for purposes
of implementing the exchange of stock certificates. Holders of pre-reverse
split shares will be asked to surrender to the exchange agent certificates
representing pre-reverse split shares in exchange for certificates
representing post-reverse shares in accordance with a letter of transmittal
to be sent by the Company. The Company's transfer agent is Manhattan
Transfer Registrar Co., located at 57 Eastwood Road, Miller Place, NY 11764
where its telephone number is (631) 928-7655.