[OTC:ENEI] ENER1, INC. > 0.92
Monday April 14, 8:00 am ET
FORT LAUDERDALE, Fla., April 14 /PRNewswire-FirstCall/ -- Ener1, Inc., a leading alternative energy company, announced today that it had completed the application process for listing its common stock on the American Stock Exchange (AMEX). AMEX has advised Ener1 that it meets all of the listing requirements at this time, except for share price. Final approval by AMEX of the pending listing application is contingent upon the company being in compliance with all applicable listing standards on the date trading would begin on the Exchange. In order to meet the minimum of $3.00 per share, the company has approved a 1-for-7 reverse split of its common stock. After effecting the reverse split, Ener1's common shares outstanding will be 98,815,957 and the authorized shares will be 135,714,285. The record date for the split will be April 24, 2008. biz.yahoo.com
 |
