Edgio Announces Effectiveness of Reverse Stock Split
27 Fevereiro 2024 - 1:50PM
Business Wire
Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of
choice for speed, scale, security, and simplicity at the edge,
today announced that, on March 1, 2024, the Company will file a
Certificate of Amendment to its Amended and Restated Certificate of
Incorporation (the “Charter”), effecting a one-for-forty (1-for-40)
reverse stock split (the “Reverse Stock Split”) of the Company’s
common stock, par value $0.001 per share (the “Common Stock”) (the
“Certificate of Amendment”). The Certificate of Amendment was
approved by the Board of Directors of the Company (the “Board”) and
will become effective March 1, 2024.
As a result of the Reverse Stock Split, every forty (40) shares
of the Company’s issued and outstanding common stock will be
converted into one (1) share of issued and outstanding common
stock. The number of authorized shares remain unchanged. The
Reverse Stock Split will be effected simultaneously for all of our
outstanding Common Stock and the exchange ratio will be the same
for all of our outstanding Common Stock. The Reverse Stock Split
will affect all of our stockholders uniformly. The Reverse Stock
Split will have no impact on stockholders’ proportionate equity
interest or voting rights in the Company or the par value of the
Common Stock, which remains unchanged, except to the extent that
the Reverse Stock Split results in any of our stockholders
receiving fair value in cash of any fractional shares they would
otherwise be entitled to as a result of the Reverse Stock Split.
Following the Reverse Stock Split, stockholders will receive
instructions from Edgio’s transfer agent on how a stockholder
should surrender his or her certificate(s) representing shares of
Common Stock to the transfer agent in exchange for certificates
representing the appropriate number of whole shares of post-Reverse
Stock Split Common Stock. Stockholders who hold their shares in
brokerage accounts are not required to take any action to exchange
their shares. The new CUSIP number for the Common Stock will be
53261M203.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sales of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. For
more detailed information relating to this transaction, please
refer to the related Form 8-K to be filed with the U.S. Securities
and Exchange Commission.
About Edgio
Edgio (NASDAQ: EGIO) helps companies deliver online experiences
and content faster, safer, and with more control. Our
developer-friendly, globally scaled edge network, combined with our
fully integrated application and media solutions, provide a single
platform for the delivery of high-performing, secure web properties
and streaming content. Through this fully integrated platform and
end-to-end edge services, companies can deliver content quicker and
more securely, thus boosting overall revenue and business value. To
learn more, visit edg.io and follow us on Twitter,
LinkedIn and Facebook.
Forward-Looking Statements
This press release may include “forward-looking statements”
within the meaning of the federal securities laws. A reader can
identify forward-looking statements because they are not limited to
historical fact or they use words such as “expects,” “estimates,”
“intends,” and similar expressions that concern the Company’s
strategy, plans, intentions or beliefs about future occurrences or
results. It is very difficult to predict the effect of known
factors, and the Company cannot anticipate all factors that could
affect actual results that may be important to an investor. All
forward-looking information should be evaluated in the context of
these risks, uncertainties and other factors, including those
factors disclosed in our SEC filings, including in our most recent
reports on Form 10-K and 10-Q, particularly under the heading “Risk
Factors.”
All forward-looking statements in this press release are based
on information available to the Company as of the date hereof. The
Company undertakes no obligation to revise or publicly release the
results of any revision to these forward-looking statements, except
as required by law. Given these risks and uncertainties, readers
are cautioned not to place undue reliance on such forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240227887303/en/
Investor relations: Sameet Sinha 602-850-4973
ir@edg.io
Media relations: Sally Winship Comollo 781-366-5580
swinship-comollo@edg.io
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