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Grow Capital, Inc Announces Effective Date of Reverse Stock Split

HENDERSON, Nev., July 29, 2020 /PRNewswire/ --A Grow Capital, Inc (OTCQB:GRWC), a company that identifies and incubates promising companies in financial technology ("FinTech") today announced that the company will effect a 1-for-20 reverse stock split of shares of the company's issued and outstanding common stock, par value $0.001 per share, previously approved by the company's Board of Directors and a majority of its stockholders.
Grow Capital, Inc Announces Effective Date of Reverse Stock Split
The action will take effect at the open of trading on Thursday, July 30, 2020. The company's common stock will continue to trade on the OTCQB and a "D" will be placed on the Grow Capital, Inc. ticker symbol, GRWC. The ticker GRWCD will remain for twenty business days when the traditional trading symbol for the Company's common stock will revert back to"GRWC." The new CUSIP number for the Company's common stock following the reverse stock split will be 399818202.The reverse stock split is being implemented with the goals of increasing the per-share trading price to ultimately reach the $4.00 regular bid price required by Nasdaq, and improving the marketability and liquidity of the common stock. "This reverse split will help GRWC normalize trading and better align with our business activity," said interim CEO Terry Kennedy. "Our subsidiary is growing and we have new acquisitions on the horizon. Issuing this reverse-split is expected to raise our per-share price and allow for better long-term planning."
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