The refiling is expected to take place sometime during the week of April 12, with the reverse split occurring sometime thereafter.
Reno, Nevada--(Newsfile Corp. - April 8, 2021) - XcelPlus International Inc. (OTC Pink: XLPI) today announced that it will be refiling the paperwork required to effectuate a 1-for-100 reverse split of its outstanding common stock. The refiling is expected to take place sometime during the week of April 12, with the reverse split occurring sometime thereafter.
The original effective date of the reverse split was expected to be March 12, 2021. XcelPlus International received word from FINRA that further paperwork was required to be filed, thereby causing the delay.
"We have been taking our time to ensure that all of the mandated documents are included in our next filing," stated Charles Robinson, Chief Executive Officer of XcelPlus International. "We have been working closely with FINRA to identify and collect all of the essential documents, and we are confident that the reverse split will transpire in the very near future."
Forward Looking Statements
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Contact: Ian Douglass
Chief Communications Officer
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