International edition
September 26, 2020

Now it has approximately 10.8 million shares

Progressive Gaming reflected one-for-eight reverse stock split

(US).- Progressive Gaming International Corporation announced that effective with the commencement of trading Tuesday, the share price for its outstanding common stock will adjust pursuant to the one-for-eight reverse split effected after the close of trading on September 15.

F

ollowing the reverse stock split the company has approximately 10.8 million shares, inclusive of 2.1 million shares issuable pursuant to the convertible note debenture with International Game Technology and approximately 0.8 million shares issuable under option and warrant agreements.

The preceding calculation does not include any contingent warrants or shares that may be issuable to Private Equity Management and IGT.

Following the reverse stock split, the number of total authorized shares of the company’s common stock has been reduced to 12.5 million shares.

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