Notice Of A Forward Stock Split Of
Waterblocks Common Stock
Stock Split Announcement
Locking Line Barriers Corporation
WaterBlocks (the “Company”) is announcing that its Board of Directors has declared a split of all issued and outstanding Common Stock shares, in lieu of “perks”, in accordance with the schedule below, effective December 31, 2021 11:59pm PST. The stock split will be in the form of a non-dividend split as the company is a pre-revenue startup with no retained earnings. No change in the proportional ownership represented by the shares shall occur.
Class B (non-voting) Common Stock will continue to be offered unchanged with the exception of the termination of the original perks offered therein, and removed, in consideration of this stock split.
Preferred Series 1 Stock which includes a conversion to Class A shares will continue to be offered and adjusted accordingly at the time of conversion.
Stock Split Schedule:
Class B (non-voting) shares of Common Stock shall be split as follows:
Class A (voting) shares of Common Stock shall be split as follows:
Preferred Series 1 shares issued on or before 12/31/21 shall include the within the Conversion rights to Class A shares, said SPLIT SHARES which shall be included upon conversion as follows;
Download Split Notice Here: LLB-Stock-Split-Notice.pdf (169 downloads)