Nuzee announces intent to effect 1-for-35 reverse stock split

Richardson, texas , dec. 27, 2022 /prnewswire/ -- nuzee, inc. (nasdaq: nuze) ("nuzee" or "the company"), a leading u.s. producer and co-packer of single serve coffee formats, announced today that it intends to effect a 1-for-35 reverse stock split of its issued and outstanding shares of common stock. as previously disclosed, at the company's special meeting of stockholders ("special meeting") held on december 9, 2022, the stockholders of the company approved a reverse stock split of the company's issued and outstanding shares of its common stock and authorized the board of directors (the "board") to select the ratio of the reverse stock split within a range from 1-for-10 to 1-for-50.
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