Leader in solid-state lighting innovation, Cyberlux Corporation (OTCMKTS:CYBL) has seen its shares surge announcing streamlining of filings and moving to “pink current” status. The shares surged as the firm posted $5.7 million in dollar volume and had half a billion shares traded.
Becoming a darling of investors, Cyberlux Corporation is actively traded amongst small stocks and is moving on the lines of Tesoro or Enzolytics.
CYBL, an active Department of Defense contractor giving battle-tested lighting solutions to the U.S. Air Force as well as US Army, has its management working with share structure and enacting a no reverse split policy.
The management said that is expanding through acquisitions across commercial and international markets with its renewable energy products as well as services. Cyberlux said that it is also making progress on its OTC Pink Current status.
The company also confirmed in its shareholders letter that it will file amendment for reducing authorised share level. It has finalised its strategic Authorized Share level and 20 billion Authorized Shares will be reduced by 11.25 billion, reflecting a reduction of 56.25%.
The company also confirmed on outstanding shares balance of 5,081,275,578 including 700 million phantom restricted shares from a transaction in 2014. It added that the shares were confirmed lost in 2018 and will not be traded again.
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