8-KAccepted Sep 16, 8:00 AM ET
Bryn Inc. Announces Name Change and 1-for-100,000 Reverse Stock Split
Accepted (ET)
8:00 AM
Sep 16, 2026
Filed
Sep 16, 2026
Documents
15
Size
2.3 MB
Summary
Bryn Inc. Announces Name Change and 1-for-100,000 Reverse Stock Split
What Happened
- Bryn Inc. filed a Certificate of Amendment with the Nevada Secretary of State on September 15, 2026. The amendment states that at 6:00 P.M. PDT on September 23, 2026 the company’s name will change to “MEDO Technologies, Inc.” and a one-for-one-hundred-thousand (1-for-100,000) reverse stock split of its outstanding common stock will become effective.
- The common stock will trade on a reverse-split-adjusted basis on the OTCID Market when the market opens on September 24, 2026. Bryn has applied to change its trading symbol to “MEDO”; until that change is approved the symbol will remain “BRRN.” A new CUSIP (099863201) will be effective following the reverse split.
Key Details
- Effective time: 6:00 P.M. PDT on September 23, 2026; trading adjusted September 24, 2026.
- Reverse split ratio: 1-for-100,000; no fractional shares will be issued.
- Cash-out for small holders: holders of fewer than 100,000 pre-split shares will receive $0.00007 per pre-split share (seven hundred thousandths of a cent) in lieu of fractional shares.
- Rounding for large holders: holders of more than 100,000 pre-split shares will have any fractional share rounded up to the next whole share.
Why It Matters
- The reverse split will dramatically reduce the number of shares outstanding and proportionally increase the per-share price (on a mathematical basis), which affects how existing holdings are reflected post-split.
- Small shareholders who own fewer than 100,000 shares will be cashed out at a very small per-share amount rather than receiving fractional shares, which could result in nominal cash payments and the elimination of those holdings.
- Trading symbol and CUSIP changes mean investors should watch for the symbol change to “MEDO” and the new CUSIP when trading resumes on a split-adjusted basis.