What's Happening?
Real Good Foods Company, a prominent health and wellness frozen and refrigerated foods provider, has announced a corporate action related to its deregistration of securities with the U.S. Securities and Exchange Commission. The company is urging shareholders to transfer their shares to Equiniti Trust Company, its official transfer agent. This move aims to ensure shareholders receive direct communications and maintain accurate records post-deregistration. Shareholders can initiate a Direct Registration System transfer through their brokers to Equiniti Trust Company. This action does not affect the validity or ownership of existing shares, and no immediate action is required unless shareholders opt for the transfer.
AD
Why It's Important?
The transfer of shares to Equiniti Trust Company is significant as it facilitates direct communication between Real Good Foods and its shareholders, ensuring efficient delivery of updates and maintaining accurate shareholder records. This move is crucial for the company as it transitions from being publicly registered, potentially affecting shareholder engagement and transparency. The action reflects a strategic shift in how Real Good Foods manages its investor relations, which could impact shareholder confidence and the company's market perception.
What's Next?
Shareholders who choose to transfer their shares will receive additional instructions from Equiniti and their brokers. Real Good Foods will continue to provide updates and notices directly to shareholders who opt for the transfer. The company may also release further communications regarding the implications of deregistration and any future corporate actions. Shareholders are advised to consult their brokers or financial advisors for guidance on the transfer process.
