Halcón Resources Announces Reverse Stock Split
December 16 2015 - 4:15PM
Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”)
today announced a one-for-five (1:5) reverse split of its issued
and outstanding common stock. The one-for-five reverse stock split
will be effective after the market closes on January 4, 2016 and
Halcón’s common stock will begin trading on a split-adjusted basis
when the market opens on January 5, 2016.
The Company’s stockholders granted authority to the Board of
Directors, in its discretion, to effect this reverse split of
Halcón’s outstanding common stock at the Annual Meeting of
Stockholders held on May 6, 2015.
When the reverse stock split becomes effective, every five
shares of the Company’s issued and outstanding common stock will
automatically be converted into one share of common stock.
Fractional shares will be rounded up to a full share of common
stock. The reverse stock split will not impact any stockholder’s
percentage ownership of Halcón or voting power, except for minimal
effects resulting from the treatment of fractional shares.
Following the reverse split, the number of outstanding shares of
the Company’s common stock will be reduced by a factor of five.
There will be no change in the number of authorized shares of
common stock that Halcón has the authority to issue.
Broadridge Corporate Issuer Solutions, Inc., the Company’s
transfer agent, will act as its exchange agent for the reverse
stock split. Broadridge Corporate Issuer Solutions, Inc. can be
reached at (877) 830-4936.
About Halcón Resources
Halcón Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and development
of onshore oil and natural gas properties in the United States.
Scott M. Zuehlke
VP, Investor Relations
Halcón Resources
(832) 538-0314
Halcon Resources (NYSE:HK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Halcon Resources (NYSE:HK)
Historical Stock Chart
From Apr 2023 to Apr 2024