Lime Energy Co. (OTCMKTS:LIME) changed the record date of its upcoming special meeting of stockholders (the “Special Meeting”), initially scheduled for November 10, 2016, from October 14, 2016 to a future date that has not yet been determined, to allow for timely updates to the proxy statement in connection with the review by the Staff of the Securities and Exchange Commission (the “SEC”) of the preliminary proxy statement filed by the Company on October 7, 2016.
As previously announced, the Company intends to effect a reverse stock split immediately followed by a forward stock split (the “Reverse/Forward Stock Split”), for the purpose of suspending the Company’s public company reporting obligations. The proposed amendments to the Company’s certificate of incorporation to effect the Reverse/Forward Stock Split will be submitted to stockholder vote at the Special Meeting.
Additional information concerning the proposed Reverse/Forward Stock Split is included in the preliminary proxy statement, which has not yet been finalized and remains subject to updates. The Company will not mail the proxy statement until such time as it has filed a definitive proxy statement with the SEC.
The Company will announce a new record date once a new timeline for the Special Meeting has been established.