LAS VEGAS, NV, April 10, 2018 (GLOBE NEWSWIRE) -- Her Imports (OTCQB: HHER), a leading retailer of human hair extensions and related beauty products, today announced that, effective April 9, 2018, the Financial Industry Regulatory Authority (FINRA) approved a one-for-six reverse stock split. Authorization to effect the split was approved by a majority of the shareholders at the Company’s annual meeting held on December 18, 2017.
The record date of the stock split is April 9, 2018. Shareholders of record as of such date will receive one share of the Company's common stock for each six shares that they own as of the market close on the record date. The distribution of the new shares will be made available on April 10, 2018. The Company's transfer agent records have been updated to reflect the stock split and shareholders should submit their certificates for exchange. As a result of the stock split, the outstanding shares of the Company's common stock have decreased from approximately 24.9 million shares outstanding to approximately 4.15 million shares outstanding.
About Her Imports:
Her Imports sells human hair extensions and related hair-care and beauty products at retail locations throughout the U.S. and on our Website, herimports.com. Additionally, by way of our proprietary eCommerce platform and strategic leveraging of social media buys we convert prospects into customers while developing long-term personal relationships and loyal customers.