SinglePoint Inc. Announces Reverse Stock Split

Core Viewpoint - SinglePoint Inc. has implemented a 1-for-100 Reverse Stock Split to address a minimum bid price deficiency and maintain its listing on the Cboe BZX Exchange [2][3]. Group 1: Reverse Stock Split Details - The Reverse Stock Split became effective on August 15, 2024, and was approved by the Board of Directors without requiring stockholder approval under Nevada law [3][4]. - Every 100 common shares outstanding were automatically combined into 1 new share, with fractional shares rounded up to the next whole number [4][5]. - The new CUSIP number for the common stock is 82932V508, and shares began trading on a split-adjusted basis under the same symbol SING [4]. Group 2: Compliance and Listing Requirements - The Reverse Stock Split was initiated to cure a deficiency in the minimum bid price, which must be at least $1.00 per share on a continuous basis [2]. - The compliance period set by the Cboe BZX Exchange for meeting the minimum bid price requirement is from February 28, 2024, to August 26, 2024 [2]. Group 3: Shareholder Treatment - Special treatment was approved for shareholders who fell below 100 shares due to the split, automatically rounding them up to 100 shares [5]. - The company will treat stockholders holding shares in "street name" similarly to those holding shares registered in their names, ensuring the Reverse Stock Split is processed accordingly [6]. Group 4: Company Overview - SinglePoint Inc. focuses on renewable energy and sustainable lifestyle solutions, aiming to build a large network of renewable energy solutions and modernize traditional solar and energy storage models [8]. - The company is exploring growth opportunities in air purification, electric vehicle charging, and solar as a subscription service [8].