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IEG Holdings Reveals OTC Upgrade and Finalized Reverse Stock Split
1. IEG Holdings Reveals OTC Upgrade
and Finalized Reverse Stock Split
By Paul Mathieson
2. Introduction
• For more than 10 years, Paul Mathieson has served
as the CEO of IEG Holdings Corporation, a Las
Vegas-based consumer finance company that
operates in a number of US states. Paul Mathieson’s
IEG Holdings specializes in five-year $5,000
personal loans with an APR between 23.9 percent
and 29.9 percent.
In a recent press release, IEG Holdings announced
that it progressed from the OTC Pink tier with the
OTC Market Group to the OTC QB tier on June 9.
The company also noted that it finalized its 1:100
Reverse Stock Split soon after, on June 17.
3. IEG Holdings
• According to the press release, IEG Holdings has additionally
submitted a listing application with NASDAQ, and after the
application earns approval, the company anticipates trading
of its common stock on the NASDAQ Global Market.
The press release further explains that IEG Holdings’ IEGH
trading symbol will be affixed with a ‘D’ during a 20-day time
period after the Reverse Stock Split goes into effect. The
temporary trading symbol for IEG Holding is IEGHD.
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