Apr. 2 at 9:53 PM
A total of 11(!!!) NASDAQ reverse splits scheduled on Monday (markets are closed Friday). Expect trading to halt at 7:50pm ET tonight and resume at 9:00am ET Monday morning.
I'll have to split this into 3 parts.
Part 2 of 3
$HKIT 1 for 50. HKIT recently did an offering of 1.5m shares and 98.5 pre-funded warrants. The offering closed. However, HKIT did not confirm how many prefunded warrants were exercised and they did not confirm the current number of pre-RS shares. If no prefunded warrants were exercised, outstanding Class A shares will be reduced from approx 28.47m to approx 570k. If all prefunded warrants were exercised, it will reduce Class A shares from approx 126.97m to approx 2.54m
$HTCR 1 for 20. Will reduce outstanding shares from approx 25.44m to approx 1.27m.
$INLF 1 for 16. Will reduce outstanding Class A shares from approx 208.4m to approx 13.03m.