TPCS - TechPrecision to effect 1-for-4 reverse share split ahead of potential uplisting

• TechPrecision ( OTCQB:TPCS ) on Thursday said it will effect a 1-for-4 reverse split of its common stock, which will be effective on the OTCQB Market as of February 24, 2023.
• The reverse stock split was approved by the company's stockholders on September 14, 2022 at its regular annual meeting of stockholders.
• Prices for TechPrecision's common stock will be quoted on the OTCQB Markets under the symbol "TPCSD" for the 20 business days following the reverse stock split, after which the symbol will return to "TPCS."
• The company expects number of outstanding shares of common stock will be reduced from about 34.4 million to about 8.6 million after reverse stock split.
• The reverse stock split is primarily intended to prepare for the potential listing of the its common stock on the Nasdaq or another national securities exchange.
• The company said it is simultaneously effecting a reduction in the number of authorized shares of common stock from 90 million to 50 million.
• Press Release .

For further details see: