2026-03-18 20:44:21
Elvictor Group, Inc. Approves 1-for-500 Reverse Stock Split
Expected Stock impact: Slightly Positive
Elvictor Group, Inc. (OTC: ELVG), a leader in maritime recruitment and crew management, has announced the approval of a reverse stock split at a ratio of 1-for-500. This decision was made by the Board of Directors and stockholders holding a majority of the Company’s voting power, representing approximately 90.3% of the voting power. The reverse stock split will reduce the number of outstanding shares from approximately 414.4 million to about 828,898 shares, while the number of authorized shares will remain unchanged at 700 million. The reverse stock split is expected to support a higher per-share trading price and is part of the Company’s strategy to meet the quantitative listing requirements of a national securities exchange. The new CUSIP number for the common stock will be 290393206, and for a period of 20 business days, a 'D' will be appended to the Company’s ticker symbol to notify the market of the split. The reverse stock split is effective for trading purposes on the OTC Markets starting March 17, 2026. Elvictor Group plans to publish a press release titled 'Elvictor Group Announces Approval of Reverse Stock Split' on March 18, 2026, detailing the implications of this corporate action.
