Chief Executive Officer
The 1-for-1,000 reverse stock split will automatically convert 1,000 current shares of H-CYTE’s common stock into one new share of common stock. No fractional shares will be issued in connection with the reverse stock split. For stockholders who would otherwise hold a fractional share of H-CYTE’s common stock, the number of shares of common stock will be rounded up to the nearest whole share.
Upon effectiveness of the Reverse Stock Split, the number of shares of common stock held by each stockholder will be reduced by dividing the number of shares held immediately before the Reverse Stock Split by 1,000. As a result, the reverse split will reduce the number of shares of outstanding common stock from approximately 255,087,503 shares to approximately 255,089 shares. Proportional adjustments also will be made to the exercise prices of H-CYTE’s outstanding preferred stock, stock options and warrants, and to the number of shares issued and issuable under H-CYTE’s stock incentive plan.
Issuer Direct will act as the exchange agent for the reverse stock split. Stockholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares through a bank, broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to brokers’ particular processes, and will not be required to take any action in connection with the reverse stock split. For those stockholders holding physical stock certificates, Issuer Direct will send instructions for exchanging those certificates for shares held electronically in book-entry form or for new certificates, in either case representing the post-split number of shares.
In connection with the reverse stock split, the Company's CUSIP number will change to 404124307 as of
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H-CYTE Investor Contact:
HCYT@alpha-ir.com
312-445-2870
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