Infinite Group, Inc. Announces Implementation of Reverse Stock Split in Preparation for Planned Uplisting to Nasdaq

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Oct 19, 2022

PITTSFORD, NY / ACCESSWIRE / October 18, 2022 / Infinite Group, Inc. (OTCQB:IMCI) (the "Company" or "IGI"), a developer of cybersecurity software and related cybersecurity consulting, advisory, and managed information security services, announced today that the Company plans to implement a 75-to-1 reverse split of its common stock in preparation for the planned listing of its securities on The Nasdaq Capital Market ("Nasdaq"). The Company's common stock will begin trading on a split-adjusted basis on the OTC Markets system effective with the open of the market on Wednesday, October 19, 2022 under the temporary ticker symbol "IMCID." The fifth character "D" will remain appended to the Company's symbol for 20 business days or until the Company is listed on Nasdaq, whichever comes first, at which point the Company's trading symbol will revert back to "IMCI."