Core Viewpoint - SinglePoint Inc. has provided an update regarding the distribution of additional common shares to preserve round lot shareholders, following a reverse stock split that took place on August 15, 2024 [3][5]. Summary by Relevant Sections Company Overview - SinglePoint Inc. is a renewable energy company focused on environmentally friendly energy efficiencies and healthy living solutions. The company aims to build a large network of renewable energy solutions and modernize traditional solar and energy storage models [11]. Share Distribution Details - As per the report from the Depository Trust & Clearing Corporation (DTCC), the company was instructed to issue a total of 11,303,629 shares to existing shareholders of record as of August 15, 2024, with the shares posted on August 27, 2024 [4][5]. - The round-up of shares was authorized by the Board of Directors to ensure that certain shareholders received a minimum of 100 shares post-reverse split, rounding to the nearest whole share to avoid fractional shares [5]. Share Statistics - Common stock outstanding post 1-for-100 reverse split as of August 15, 2024, was 368,976 shares [5]. - Adjusted shares from debt conversions and cancellations from August 15, 2024, to August 28, 2024, totaled 199,000 shares [5]. - The total outstanding shares reported by the registrar as of August 29, 2024, was 11,871,605 shares, which may not include DTCC requests received after August 27, 2024 [5]. Shareholder Distribution Requests - The DTCC shareholder distribution requests were made on August 26, 2024, and August 28, 2024, with a total of 11,303,629 shares issued as a result of these requests [9][10].
SinglePoint Inc. Provides Overview of Round Up Quantity Report from DTCC Detailing the Distribution of Common Stock to Shareholders of Record as of August 15, 2024, to Preserve Round Lot Shareholders