News Column

OMEGA COMMERCIAL FINANCE CORP FILES (8-K) Disclosing Other Events

July 7, 2014



ITEM 8.01. OTHER EVENTS.

On July 1, 2014, Omega Commercial Finance Corp. (the "Company") received approval from the Financial Industry Regulatory Authority ("FINRA") of the reverse stock split previously approved by the Company's board of directors and majority voting stockholder on May 13, 2014. According to FINRA's approval, the one-for-twenty (1:20,000) thousand reverse stock split will take effect on July 2, 2014 ("Effective Date"). On the Effective Date, the Company's trading symbol will be changed from "OCFN" to "OCFND" for approximately 20 business days after which it will revert to OCFN. Upon the effectiveness of the reverse stock split, there will be approximately 25,545 shares of the Company's common stock issued and outstanding. All records of the Company's transfer agent, Pacific Stock Transfer Company will be updated to reflect the change. Shareholders who hold their shares in brokerage accounts or in "street name" are not required to take any action to effect the exchange of their shares. Shareholders who have existing stock certificates will receive instructions from the transfer agent after the reverse stock split becomes effective.

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Source: Edgar Glimpses


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