Golden Grail Beverages Announces A Special Stock Dividend Of One Share For Every Ten Shares

Golden Grail Technology, doing business as Golden Grail Beverages, GOGY announced that its board of directors has declared a special stock dividend of one common share for every ten shares of common stock held by a shareholder. There were 70.6 million shares of the company's common stock outstanding as of March 17, 2023. The company will be filing an issuer notification with FINRA in the coming weeks.

CEO Steven Hoffman stated, "I am happy to announce that the Golden Grail board has declared this special dividend, which is intended to be a special thank you to our shareholders. Our shareholders have stuck with us and have been instrumental in helping us implement our strategic long-term plans and put us in a position to achieve success.”

The dividend will be payable at a ratio of 1:10, meaning that one share of common stock will be issued for every ten shares of company common stock held by a shareholders as of the record date. The record date has not yet been set. In lieu of distributing fractional shares, the company will round up any shares that would otherwise be fractional.

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