On July 27, 2015, the Company filed with the Delaware Secretary of State an amendment of the Company’s Certificate of Incorporation to effect the conversion on Class A Common Stock into Class B Common Stock, effect a ten-for-one split of the Company’s common stock, increase the authorized shares of the capital stock of the Company and change the name of the Company from CTM Media Holdings, Inc. to IDW Media Holdings, Inc. The legal name of the Company is now IDW Media Holdings, Inc.
As of today all shares of our Class A stock have been converted to our Class B stock on a one for one basis. There is no longer any trading of the stock symbol CTMMA and there are no shares of Class A stock outstanding. Those shares that were owned under that symbol are now trading as CTMMB.
We anticipate that the ten for one split that we announced will become effective on or about Monday, August 3, 2015. When that happens, each share of Class B stock (including shares of Class B stock issued in respect of Class A stock that was converted) will become ten shares of Class B stock, and each share of Class C stock will become ten shares of Class C stock. On or about Friday, August 7, 2015 we expect that FINRA and OTC will assign a new trading symbol to reflect our new corporate name. We have not yet received confirmation from FINRA regarding the new symbol. We will post an update when we are given the new trading symbol.
Thank you for your continued support at this very exciting time for our Company.