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Stock impact report

Horizon Kinetics Holding Corporation Announces Completion of Reverse Split and Trading Under a Temporary Ticker [Yahoo! Finance]

SCOTTS LIQUID GOLD INC (SLGD) 
NASDAQ:AMEX Investor Relations: slginc.com
Company Research Source: Yahoo! Finance
split (1-for-20) of its common stock, which is now trading under the temporary ticker symbol "SLGDD" for a period of approximately twenty (20) days. As a result, the number of shares reflected in the street name accounts of shareholders has been reduced by 1/20 th and are now trading under the CUSIP 439913104. Approximately 18 million of the Company's shares were issued to members of Horizon Kinetics as merger consideration on a post-reverse stock split basis . These shares are not currently eligible for trading. The Company's legacy shareholders now own approximately 3.5% of the combined company on a post-reverse split basis. The Final Consideration was calculated based on Horizon Kinetics having AUM of approximately $7.9 billion and Net Tangible Assets of approximately $250 million, each as defined in the merger agreement. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Lit Show less Read more
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