OriginClear (OTC: OCLND), a leading provider of water treatment solutions, today announced that it implemented a 1-for-2000 reverse stock split on October 24, 2019. The number of outstanding common stock shares has been reduced from about 6.4* billion to approximately 3.2 million. Investors should note that the ticker symbol of the company’s common stock will change to OCLND for 20 trading days after the reverse stock split. “This reverse stock split is part of a plan to strengthen our capital structure for future growth and potential acquisitions,” OriginClear CEO Riggs Eckelberry said in the news release.
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About OriginClear Inc.
OriginClear is a leading provider of water-treatment solutions and the developer of a breakthrough water-cleanup technology serving the rapidly growing $500 billion world market. Through its wholly owned subsidiaries, OriginClear provides systems and services to treat water in a wide range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil and gas. To rapidly grow this segment of the business, the company strategically acquires profitable and well-managed water-treatment companies, which allows it to expand its global market presence and technical expertise. To enable a new era of clean and socially responsible water-treatment solutions, the company invented Electro Water Separation(TM), a breakthrough, high-speed water-cleanup technology using multistage electrolysis, which it licenses worldwide to water-treatment equipment manufacturers. Water is the most valuable resource, and the mission of the family of OriginClear companies is to improve the quality of water and help return it to its original and clear condition. To learn more about OriginClear, visit the company’s website at www.OriginClear.com.
*Correction since original release.
NOTE TO INVESTORS: The latest news and updates relating to OCLN are available in the company’s newsroom at http://nnw.fm/OCLN
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