Welcome to our dedicated page for Qualstar news (Ticker: QBAK), a resource for investors and traders seeking the latest updates and insights on Qualstar stock.
Qualstar Corporation reports news about scalable data storage products and high-efficiency power solutions. The OTC-traded company designs and manufactures tape library systems for long-term data preservation, including Q-Series libraries and the Q1000+ enterprise tape library for backup, disaster recovery, and archiving.
Recurring updates include quarterly results driven by data storage sales, product launches, storage-connectivity certifications such as ATTO XstreamCORE 8100T integration, and activity at N2Power, its wholly owned power-supply subsidiary serving OEM markets. Company news also documents corporate actions such as its Nevada reincorporation and forward stock split.
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Qualstar Corporation (QBAK) announced a reverse stock split of 1-for-1,000 shares on September 26, 2022, followed by a forward stock split of 1,000-for-1 on the same day. This Reverse/Forward Split aims to adjust the company's stock structure without affecting shareholder equity percentages. A 'D' will be added to the ticker for 20 business days post-split. Fractional shares will be converted to a cash payment of $2.25 each, while holders of 1,000 shares or more will maintain their share count. The changes were approved by the Board and shareholders on June 27, 2022.
Qualstar Corporation (OTC Pink: QBAK) announced a planned 1-for-1,000 reverse stock split followed by a 1,000-for-1 forward stock split. Both splits, collectively termed the Reverse/Forward Split, have received board and majority shareholder approval and await sanction from the California Secretary of State, expected within 7-10 business days. The reverse split will convert 1,000 pre-split shares into one post-split share, with fractional shares compensated at $2.25 each. The forward split will restore the total share count without affecting shareholders' percentage ownership.
BKF Capital Group, Inc. (OTC: BKFG) announced that its subsidiary, Bronson Financial LLC, has become a FINRA member, enabling it to operate as an investment banking firm. Bronson Financial will focus on providing investment banking services to emerging growth and middle-market companies, including M&A advisory, capital raising, fairness opinions, and valuations. Led by founder Steven N. Bronson, with nearly 40 years in business, the firm aims to treat clients as partners. BKF Asset Holdings, the parent company, invests in notable firms like Interlink Electronics (NASDAQ: LINK) and Qualstar (OTC: QBAK).
Qualstar Corporation (OTC Markets: QBAK) has appointed Mark Tobin as an independent director, succeeding longtime board member Leonard Hagan. Tobin brings 24 years of experience in finance and operations, particularly in U.S./China transnational operations, which will support Qualstar's strategic expansion into the Chinese market. CEO Steven N. Bronson expressed enthusiasm for Tobin's expertise, expecting it to be vital in executing the company's business strategy amid rising global demand for data storage solutions.