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IDS Solar Technologies, Inc. Splits Stock 12 for 1
By: Marketwired .
Feb. 4, 2013 09:12 PM
LAKE ELSINORE, CA -- (Marketwire) -- 02/04/13 -- IDS Solar Technologies, Inc. (OTCQB: IDST) announces that its Board of Directors has approved a twelve-for-one stock split of the Company's outstanding common stock to be effected through a stock dividend with a record date of February 7, 2013.
Stockholders of record as of the close of business on February 7, 2013 will be entitled to a stock dividend of eleven additional shares of common stock for every share of common stock they own. Based on the total number of shares of common stock outstanding prior, the stock split will increase the total number of shares of common stock outstanding from approximately 2,593,333 to 31,119,996 of the 90,000,000 shares of common stock currently authorized.
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