In the Company's Definitive 14A filed
As soon as practicable after the Effective Date of the Reverse/Forward Split, our transfer agent will mail a transmittal form to each holder of record requesting them to surrender their certificates and specifying other details of the exchange.
After receipt of a transmittal form, each holder should surrender their former certificates and, in exchange, will receive a book-entry statement reflecting the number of shares Common Stock which the holder is entitled to post-split. No shareholder would be required to pay a transfer or other fee to exchange certificates. Shareholders should not send in certificates until they receive a transmittal form from our transfer agent.
The number of shares of Common Stock you own will automatically be reduced without any further action on your part and without regard to the date that you physically surrender your certificates to our transfer agent. Each certificate representing pre-Reverse/Forward Split shares of Common Stock would, until surrendered and exchanged as described above, be deemed cancelled.
Any holder of Common Stock who comes to hold fractional shares as a result of the Reverse/Forward Split will receive a letter of transmittal which contains instructions on how to surrender your certificate(s) to our transfer agent for your cash payment. YOU WILL NOT RECEIVE CASH PAYMENT UNTIL YOU SURRENDER YOUR OUTSTANDING STOCK CERTIFICATE(S) TO VSTOCK TRANSFER LLC, TOGETHER WITH A COMPLETED AND EXECUTED COPY OF THE LETTER OF TRANSMITTAL.
MGT is a holding company comprised of MGT, the parent company, and its
President and Chief Executive Officer
Chief Financial Officer
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