FINRA approves XcelPlus International's 1-to-100 reverse stock split
RENO, NV, July 23, 2021 (GLOBE NEWSWIRE) -- XcelPlus International Inc. (OTC PINK: XLPI) today announced a 1-for-100 reverse split of its outstanding common stock. The effective date of the stock split is July 26, 2021.
The reverse split initiates a recapitalization action that is part of XcelPlus International’s comprehensive effort to facilitate the acquisition of new technologies, including patents and other intellectual property, to complement the company’s Energy That CleansTM initiative.
“Completing this recapitalization will help position XcelPlus as a leader in the waste-to-energy industry” stated Charles Robinson, Chief Executive Officer of XcelPlus International. “We expect to be making several consequential announcements in the near future as we work diligently to bring our Cool PlasmaTM technology to the world.”
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