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Right now, New Liberty shares started buying and selling on the Nasdaq utilizing the identical tickers beforehand held by Previous Liberty, following a court-sanctioned share issuance scheme that led to Previous Liberty’s delisting on November 22. The transition noticed over 388 million shares distributed throughout three courses to shareholders of Previous Liberty, adhering to an exemption from registration necessities.
Key executives, together with Michael T. Fries, have retained their positions within the newly fashioned firm, with director phrases established till 2026. The biographies of those executives stay accessible by prior SEC filings and on-line sources. As well as, New Liberty has executed fairness award conversions for excellent awards underneath Previous Liberty’s incentive plans into New Liberty’s inventory, preserving the unique situations of those awards.
Furthermore, New Liberty has put indemnification agreements in place to defend its administrators and officers from any liabilities associated to their roles throughout this company transition.
In associated information, PetVivo Holdings has filed an attraction at present with the Hearings Panel in an effort to reverse the Nasdaq’s delisting determination. This motion comes after PetVivo was notified on Thursday final week that it had not met the minimal stockholders’ fairness requirement as per Itemizing Rule 5550(b)(1), which was mirrored in its current Type 10-Q submitting. PetVivo’s securities stay lively on The Nasdaq Capital Market regardless of considerations over delisting. If the panel doesn’t intervene by Tuesday, November 28, PetVivo will face safety suspension and graduation of delisting procedures.
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