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Stock impact report

Scott's Liquid Gold-Inc. Provides Update on Previously Announced Transaction with Horizon Kinetics LLC and Related Corporate Actions [Yahoo! Finance]

SCOTTS LIQUID GOLD INC (SLGD) 
NASDAQ:AMEX Investor Relations: slginc.com
Company Research Source: Yahoo! Finance
announced transaction with Horizon Kinetics LLC ("Horizon Kinetics") and its 1-for-20 reverse stock split, reincorporation, name change and change in ticker symbol (collectively, the "Transactions"). The Company and Horizon Kinetics have postponed the closing of the Transactions to ensure a smooth transition in trading of the Company's stock, which, immediately after closing, is expected to trade on a post-reverse split basis under a new name and ticker symbol. The Company will update the market once it has confirmed the closing date. The Company currently expects its legacy shareholders to own between approximately 3.3% and 3.8% of the pro forma combined company, which is within the range disclosed in the Company's previously filed definitive proxy statement. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the merg Show less Read more
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