AMDAQ Stock Dividend:
On September 29, 2017, Sylios Corp received notification from the Financial Industry Regulatory Authority (“FINRA”) that they had received the necessary documentation to process the corporate action (spin-off of AMDAQ Corp) requested by Sylios Corp and its transfer agent, Pacific Stock Transfer. The Company’s Payment Date was set at October 2, 2017.
On September 1, 2017, the Company filed a Issuer Company-Related Action with FINRA for the spin-off of AMDAQ Corp.
On August 25, 2017, the Company filed a Reinstatement, Notice of Conversion, Articles of Incorporation and name change for E 2 Investments, LLC ("E2") with the State of Florida. Under the Articles of Incorporation, E 2 changed its name from E 2 Investments to AMDAQ Corp ("AMDAQ"). AMDAQ shall be authorized to issue two classes of stock. The first being Common stock of which it shall be authorized to issue 250 million shares. The second being Preferred stock of which it shall be authorized to issue 5 million shares.
Shareholders of record of Sylios Corp on the close of September 15, 2017 will receive 1 share of common stock of AMDAQ Corp for every 750 shares of common stock of Sylios Corp owned.
The Payment date will be tentatively set at October 2, 2017. The Company will file a Registration Statement on Form S-1 with the Securities and Exchange Commission upon completion of the FINRA action.
Record Date-September 15, 2017
Payment Date- October 2, 2017
What is AMDAQ'S Cusip #?
AMDAQ'S Cusip # is 02342Q 105.
Who gets shares of AMDAQ?
Holders of Sylios Corp common stock, (OTC Pink: UNGS), as of the close of business September 15, 2017.
If I buy shares of Sylios Corp on September 16, 2017 or after will I receive shares of AMDAQ?
How many shares will I receive?
You will receive 1 share of common stock of AMDAQ for every 750 shares of common stock you own of UNGS.
What happens if I do not own 750 shares exactly?
In lieu of issuing fractional shares in connection with the stock dividend, the company will round fractional shares up to the next whole share.
Do I need to contact my broker about the stock dividend?
No. On the Payment Date, AMDAQ'S transfer agent will send out the newly issued shares of AMDAQ common stock to those Broker-Dealers and individuals holding certificates (“certificated shares”). Pacific Stock Transfer will act as AMDAQ'S transfer agent.
Once I receive my shares, can I sell them immediately?
No. AMDAQ is filing an initial Registration Statement on Form S-1 (“S-1”) with the Securities and Exchange Commission (“SEC”) to register the shares being issued as per the stock dividend. Once the S-1 is deemed effective by the SEC, shareholders of AMDAQ may sell those shares which were registered.
Is there any cost to me to register my shares of AMDAQ?
Is there a stock symbol for AMDAQ?
During the registration process, the Company will file an application with the Financial Industry Regulatory Authority ("FINRA") for its trading symbol as well as an application with Cusip for its cusip number. Once both are received, the Company will update shareholders.
If I have any questions, who may I contact?
Please contact the Company at email@example.com.
Will there be additional updates on the spin-off process?
Yes. A Stock Dividend page will be created on AMDAQ'S website.