PHOENIX, September 24, 2021 / PRNewswire / – Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of intelligent tankless electric water heaters. Trutankless announced today that its board of directors has approved a 1 for 8 reverse stock split (the “Reverse Stock Split”) of its issued and outstanding common shares (the “Common Shares”) which will come into effect. the Monday September 27e, 2021. The common shares will begin trading on a split-adjusted basis on that day under new CUSIP number, 89842T200.
At the Effective Time, all eight issued and outstanding common shares of the Company will convert into one common share of the Company, respectively. Once effective, the reverse stock split will reduce the number of issued and outstanding common shares from approximately 104 million shares to approximately 13 million shares. No fractional shares will be issued as part of the reverse stock split, and all fractional shares will be rounded up to the next whole share. The reverse stock split will not affect any right or privilege of the common shares of the Company. There will be no change in the number of authorized shares or the par value of the common or preferred shares of the Company following the entry into force of the reverse stock split.
From Monday, September 27e, the company will trade under the ticker symbol TKLSD for 20 business days. After 20 working days, the symbol will revert to TKLS.
The Company expects that shareholders holding Trutankless common stock in registered brokerage firms or the transfer agent will see the reverse split transaction automatically processed in their accounts over the next few days. Shareholders holding physical share certificates may request new certificates evidencing their post-Reverse Split shares by contacting the Company’s transfer agent, Pacific Stock Transfer, at [email protected] or 1-800-785-7782.
This release will be filed today by the Company with the Securities and Exchange Commission as an attachment to Form 8-K.
About Trutankless, Inc .:
Trutankless, Inc. (OTCQB: TKLS) is a technology-driven developer of accessible, next-generation home automation and efficiency systems. The Company’s main products are a line of electric tankless water heaters that outperform traditional tank water heaters in energy efficiency, performance, reliability and environmental sustainability. The Company sells its products to wholesale plumbing distributors and resellers throughout the United States. Trutankless, Inc. was founded in 2008 and is headquartered in Scottsdale, Arizona.
Please visit www.trutankless.com or call 855-TO-BUY-TRU.
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Forward-looking statement: Statements in this press release regarding any implied or perceived benefit from the publication by Trutankless of its line of electric tankless water heaters or added key strategic sales and distribution partners are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the risks of the ability of major strategic sales and distribution partners to sell our product, and the effects of legal and administrative proceedings and the government regulation, especially in a foreign country, future financial and operational transactions. results, competition, general economic conditions and the ability to manage and sustain growth.
If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could differ materially from those shown. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this press release include the introduction of new technologies, market conditions and those set forth in reports or documents that we file from time to time. to other with the SEC. We assume no obligation to revise or update these statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unforeseen events. There is no guarantee that a specific result will be achieved. Past performance does not represent future results.
SOURCE Trutankless, Inc.