Courtesy of Benzinga.
Body Central Corp. (OTC
Pink:BODY) (the “Company”), a multi-channel, specialty retailer offering on
trend, quality apparel and accessories at value prices, issued a press release
on September 4, 2014 announcing that it is effecting a 1-for-10 reverse stock
split of its common stock (the “Reverse Stock Split”), pursuant to which each
10 shares of issued and outstanding common stock and equivalents are being
converted into 1 share of common stock. The Company wishes to issue a
clarification as to the timing pursuant to which the Reverse Stock Split is
being implemented.
The Reverse Stock Split is anticipated to be effective for trading purposes on
the OTC Pink marketplace commencing with the opening of trading on Tuesday,
September 9, 2014 pursuant to an exchange notice from FINRA. In connection
therewith, also beginning on September 9, 2014, the Company’s common stock
will begin trading under a new CUSIP number 09689U201. Commencing on
September 9, 2014 and continuing for 20 business days, the Company’s common
stock will trade under the symbol “BODYD” to denote effectiveness of the
Reverse Stock Split, after which time the Company’s trading symbol will revert
back to “BODY”.
As reported in the Company’s previous press release, Body Central stockholders
will receive instructions from the Company’s transfer agent, American Stock
Transfer & Trust Company, LLC, as to procedures for exchanging existing stock
certificates for new certificates or book-entry shares and for the receipt of
cash proceeds in lieu of fractional shares.
Posted-In: News Stock Split Press Releases
