VBHI - Verde Bio Holdings files for 1-for-1500 reverse stock split name and ticker change

• Oil and gas company Verde Bio Holdings ( OTCQB:VBHI ) filed for a 1-for-1500 reverse stock split and name and ticker change.
• The company is changing its corporate name to Verde Energy Holdings and the ticker symbol to VEHI.
• The name change reflects the company's focus on acquiring and managing oil and gas minerals and royalties.
• The reverse split is expected to help the company meet the requirements for trading on a national exchange.
• The split is subject to the approval of the Financial Industry Regulatory Authority.
• The company said it is in the beginning process of due diligence related to uplisting on a national exchange.
• Post the effectiveness of the reverse stock split, VBHI is planning to move forward with a large capital raise.
• Also, the company will be adding at least two board members in the near future.
• Source: Press Release

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