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Thursday, June 17, 2021

Equity Corporate Actions Alert #2021 - 108
(UPDATED) Distribution Information for Torchlight Energy Resources, Inc. (TRCH)

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  • Industry Announcement

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On June 14, 2021, Torchlight Energy Resources, Inc. (TRCH) announced a distribution of Series A Preferred Stock to shareholders of common stock as of the record date of June 24, 2021. The Series A Preferred Stock will not be listing on Nasdaq. The details for the distribution are as follows:

Company Name/Issue: Torchlight Energy Resources, Inc. Common Stock
CUSIP: 89102U103
Symbol: TRCH
EX Date: June 23, 2021
Record Date: June 24, 2021
Payment Date: June 25, 2021
Ratio of Spin-Off/ Distribution:
 One (1) share of Torchlight Energy Resources, Inc. Series A Preferred Stock for each share held. Currently no market exists for the Series A Preferred Stock therefore Nasdaq will NOT be making a price adjustment on the ex-dividend date.

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

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