Scott’s Liquid Gold, Inc. today announced updates regarding its transaction with Horizon Kinetics LLC and the accompanying corporate actions, including a 1-for-20 reverse stock split, reincorporation, name change, and ticker symbol change (collectively referred to as the “Transactions”). The closing of these Transactions has been postponed to facilitate a seamless transition in the trading of the company’s stock. Following the completion of the Transactions, the company anticipates its stock to trade under a new name and ticker symbol on a post-reverse split basis. Scott’s Liquid Gold will communicate the closing date once it has been finalized.
Legacy shareholders of the company are expected to own approximately between 3.3% and 3.8% of the combined entity, consistent with previous disclosures in the definitive proxy statement filed by the company.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including the timing and completion of the merger with Horizon Kinetics, the ultimate ownership percentage of legacy shareholders, and the realization of anticipated benefits from the merger. Factors that could cause actual results to differ materially from these forward-looking statements are detailed in the company’s filings with the SEC, including its recent Form 10-K and Form 10-Q. The company undertakes no obligation to update these forward-looking statements, except as required by law.
