Nightfood Holdings (OTCQB: NGTF) issued a letter to shareholders clarifying its recently filed Preliminary Schedule 14C Information Statement concerning authorization for a potential reverse stock split. The company board of directors and majority stockholder approved authorization for the board to effect a reverse split within a range of 1-for-150 to 1-for-250 in connection with a potential listing on a national securities exchange. The authorization gives the board discretion to determine whether and when to implement a reverse split and select a ratio based on market conditions and the company trading price at that time. Nightfood emphasized that the authorization does not mean a reverse split will necessarily occur and that the board may abandon the action.
To view the full press release, visit https://ibn.fm/DXOVA
About Nightfood Holdings, Inc. / TechForce Robotics
Nightfood Holdings, Inc. (OTCQB: NGTF), doing business as TechForce Robotics, is focused on AI-driven robotics, enterprise automation, hospitality automation, pharmaceutical automation, and advanced-technology commercialization. Through strategic acquisitions, partnerships, and technology-development initiatives, the Company is building a diversified automation platform serving multiple high-growth industries.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF
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