LOS ANGELES, CA, Might 11, 2022 (GLOBE NEWSWIRE) — Social Life Community, Inc. (OTC: WDLF) and Decentral Life, a Social Life Community, Inc. Division, introduced at present 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, with a view to qualify for an up itemizing to NASDAQ or the NYSE.
“Since saying in Might of 2021 our intentions to up checklist the corporate to NASDAQ or the NYSE, administration has adopted via on its dedication to guard shareholders via the method,” stated CEO, Ken Tapp. “Shareholders are sometimes missed by corporations targeted on up itemizing from smaller inventory exchanges, and we have now by no means minced our phrases when stating how helpful our shareholders are for our TBI (Expertise Enterprise Incubator) enterprise mannequin. After we set out a 12 months in the past to construction the corporate for progress and qualifying for an up itemizing, our prime precedence was to verify our shareholder base was saved intact via the method. So, formulating our eventual reverse inventory cut up at 5 cents or increased grew to become a vital aim of ours again in This autumn of 2021 after we first introduced to shareholders that we’d not conduct a reverse inventory cut up till our share worth reached that worth or increased. I’m thrilled that we have now formulated a reverse inventory cut up of 100-to-1 as much as 150-to-1. Which means we might execute the RS at five-cent share worth or increased, to qualify the corporate for the preliminary bid worth 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 worth is one such requirement that have to be met, that’s sometimes achieved via a reverse inventory cut up by corporations at the moment buying and selling on smaller exchanges below that minimal bid worth. Along with a minimal bid worth, an organization should meet all different minimal necessities. To be taught extra concerning 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
Concerning the Decentral Life
The Firm introduced on August sixteenth, 2021, a brand new division had been shaped that may focus fully on a world decentralized social community and cryptocurrency undertaking, 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 corporations to conduct their very own token choices.
About Social Life Community
Social Life Community is a Expertise Enterprise Incubator (TBI) that, via particular person licensing agreements, offers tech startups with seed expertise, authorized and govt management, making it simpler for startup founders to concentrate on 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 tens of millions of enterprise professionals and customers 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, searching, fishing, and tenting. Now working as Decentral Life, the TBI program will concentrate on blockchain, NFT and cryptocurrency corporations to take part in its expertise incubator program in 2022 and past.
For extra info, go to our web site @ https://www.WDLF.ai/
Protected Harbor & Disclaimer
This info additionally accommodates sure forward-looking statements throughout the that means of the protected harbor provisions of the Non-public 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”, “doable,” “undertaking” and comparable expressions which are supposed to establish 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 steered by the forward-looking statements are affordable, we may give no assurance that these plans, targets, expectations or intentions will likely be achieved.
Ahead-looking statements contain important 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 worth 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 Alternate Fee. Besides as required by regulation, we undertake no obligation to replace or revise publicly any forward-looking statements, whether or not because of new info, future occasions or in any other case, after the date on which the statements are made or to mirror the prevalence of unanticipated occasions. No info on this presentation needs to be construed as any indication in anyway 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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