Dynasil Corporation of America’s Board of Directors Approves Plan to Terminate Registration of Its Common Stock
DYNASIL CORP OF AMER (DYSL)
US:NASDAQ Investor Relations:
dynasil.com/investors/financial-information
Company Research
Source: GlobeNewswire
NEWTON, Mass., May 02, 2019 (GLOBE NEWSWIRE) -- Dynasil Corporation of America (Nasdaq:DYSL) today announced that a Special Committee of independent directors has recommended, and its Board of Directors has approved, a plan to cease the registration of the Company’s common stock under the federal securities laws following the completion of a proposed reverse stock split transaction and to delist its shares of common stock from trading on the Nasdaq Capital Market. It is expected that this plan would be effectuated in late summer 2019, subject to Dynasil’s stockholders approving the proposed reverse stock split at a Special Meeting of Stockholders to be held for that purpose, as described below. Dynasil is taking these steps to avoid the substantial cost and expense of being a public reporting company and to focus the Company’s resources on enhancing long-term stockholder value. The Company anticipates savings exceeding $900,000 on an annual basis as a result of the proposed dereg
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