GLYECO, INC. (OTCMKTS:GLYE) Files An 8-K Other EventsItem 8.01. Other Events.
On July 9, 2018, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1. The press release concerns the Company’s announcement that, effective after the close of trading on Monday, July 9, 2018, the Company will effect a reverse stock split of the Company’s common stock, par value $0.0001 per share, immediately followed by a forward stock split of the Company’s common stock. The ratio for the reverse stock split is fixed at 1-for-500 and the ratio for the forward stock split is fixed at 4-for-1, resulting in a net reverse split of 125 for 1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
| Exhibit 99.1 | Press Release, dated July 9, 2018 |
GlyEco, Inc. ExhibitEX-99.1 2 s111300_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 GlyEco Announces Reverse/Forward Stock Split Net Effective is a reverse split of 125:1 Trading Symbol will change to “GLYED” for a Period of 20 Days ROCK HILL,…To view the full exhibit click here
About GLYECO, INC. (OTCMKTS:GLYE)
GlyEco, Inc. is engaged in processing of waste glycol into recycled glycol products, specifically automotive antifreeze, and related specialty blended antifreeze, which it sells in the automotive and industrial end markets. The Company’s product offerings include High-Quality Recycled Glycols, Recycled Antifreeze, Recycled HVAC Fluids, Waste Glycol Disposal Services and Windshield Washer Fluid. The Company’s technology allows it to produce glycols, which can be used in industrial application. It formulates various universal recycled antifreeze products for engine coolants. In addition, it customs blend recycled antifreeze to customer specifications. It formulates a universal recycled, heating, ventilating and air conditioning (HVAC) coolant for HVAC fluids. Utilizing its fleet of collection/delivery trucks, the Company collects waste glycol from generators for recycling. It delivers Windshield Washer Fluid product into same store and new store customers as a non-recycled product.