Thwapr, Inc. (OTC:THWI), a service for mobilizing and monetizing branded video content, today announced that the Company has received approval from Financial Industry Regulatory Authority ("FINRA") to proceed with its 3-for-1 Forward Stock Split. The last recorded share price for Thwapr was $2.50 per share, and the company has a market map of $42 million with a 52-week range between $2.00 and $5.50 per share.The record date for the split is February 4, 2011 and the Ex-Dividend Date is February 7, 2010. The stock split will be effected in the form of a stock dividend which will be paid in newly issued common stock delivered to shareholders without any further action on their part. Shares held as part of the DTC System will be automatically adjusted on the same basis. Each shareholder will receive two additional shares for each share that they currently own.
Founded in 2007, Thwapr is a mobile video sharing service that allows brands to mobilize and monetize content, extending its distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending "Share to Phone" technology is revolutionizing mobile video, while also revitalizing traditional media by incorporating branded mobile video into print, broadcast, billboards and radio.
A cloud-based solution that does not require a download or app, Thwapr is making mobile video sharing easy, fast and fun for the hundreds of millions of consumers with Web-enabled mobile devices.
For more information visit: www.thwapr.com
No comments:
Post a Comment