SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
WALL TOWNSHIP, N.J., Dec. 01, 2017 -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”). The Company’s board of directors set a reverse stock split ratio of 1 new post-split share of common stock for each 200 shares of pre-split common stock (a 1:200 ratio) to become effective at the close of trading on December 1, 2017. The reverse stock split was originally authorized and announced in an information statement on Schedule 14(c) filed with the Securities Exchange Commission and a mailing to shareholders of record in March 2015. As of the opening of trading on December 4, 2017, the trading price per share will be adjusted to reflect the reverse stock split and the Company’s ticker symbol will begin trading as COTED to designate that it is trading under dividend status for twenty consecutive trading days, after which the ticker symbol will revert back to COTE. The CUSIP number of the post-split shares is 190643205.
Shareholders will receive a detailed communication from American Stock Transfer & Trust, the Company’s stock transfer agent explaining how the share exchange will occur. Anyone holding shares of the Company’s common stock in paper certificate form must submit the old certificates to American Stock Transfer & Trust in order to obtain new, post-split shares. Pre-split shares in certificate form will no longer be able to be sold or transferred; they may only be exchanged for new post-split shares. Any resulting fractional shares will be paid for in cash by the Company based on the closing trading price per share on December 1, 2017.
Management expects that the reverse stock split will result in an increase in the trading price of the common stock, which may reduce costs and facilitate the process for trading in our shares.
There can be no assurance that the Company will be successful in any of its endeavors.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.
Contact Information:
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
www.coatesengine.com
www.mostadvancedengine.com
