Shrink Nanotechnologies, Inc., an innovative nanotechnology company developing products and licensing opportunities in the solar energy production, medical diagnostics, sensors and biotechnology research and development tools businesses, announced today that FINRA has approved of a common stock forward split of 5 for 1 which will take effect tomorrow at the opening of trading.
For a period of 20 business days following tomorrow, the Company’s stock symbol will be “INKND.” On the 21st business day subsequent to the 15th of April, 2010, the Company’s stock symbol will revert back to its present stock symbol of “INKN.” The forward split will be “payable upon surrender” of existing common stock to the Company’s transfer agent, Action Stock Transfer (http://www.actionstocktransfer.com).
Following the forward stock split, there will be approximately 191,303,985 issued and outstanding common shares.
Shrink is a first of its kind FIGA organization. FIGA companies bring together diverse contributions from leaders in the worlds of finance, industry, government and academia. Shrink’s solutions, including its diverse polymer substrates, nano-devices and biotech research tools, among others, are designed to be ultra-functional and mechanically superior in the solar energy, environmental detection, stem cell and biotechnology markets. The Company’s products are based on a pre-stressed plastic called NanoShrink, and on a patent-pending manufacturing process called the ShrinkChip Manufacturing Solution. Shrink’s unique materials and manufacturing solution represents a new paradigm in the rapid design, low-cost fabrication and manufacture of nano-scale devices for numerous significant markets.
For information on Shrink Nanotechnologies, Inc. or to download the most up-to-date shareholder kit, please visit http://www.shrinknano.com.