|Bid||3.7000 x 800|
|Ask||4.1000 x 1000|
|Day's Range||3.9100 - 4.1000|
|52 Week Range||2.5600 - 27.0400|
|Beta (5Y Monthly)||0.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of Lianluo Smart Limited (NasdaqGS: LLIT) with Newegg Inc. pursuant to which Lianluo shareholders will end up owning just approximately 0.98% of the post-merger company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.
Lianluo Smart Limited ("LLIT" or the "Company") (NASDAQ: LLIT), and privately-held Newegg Inc. ("Newegg") today jointly announced that they have entered into an Agreement and Plan of Merger (the "Merger Agreement"), whereby the stockholders of Newegg will become the majority owners of LLIT, as a result of the merger of Lightning Delaware Sub, Inc. (the "Merger Sub"), LLIT's wholly owned subsidiary, with and into Newegg. In addition, LLIT will sell its equity holdings in Lianluo Connection Medical Wearable Device Technology (Beijing) Co., Ltd. ("Lianluo Connection") to Beijing Fenjin Times Technology Development Co., Ltd ("Fenjin Times") pursuant to an equity transfer agreement ("Disposition Agreement"). The disposition will become effective immediately following completion of the Merger.
Lianluo Smart Limited ("LLIT" or the "Company") (NASDAQ: LLIT), a China based professional smart service and products provider, today announced that the Company has effected a one-for-eight (1-for-8) reverse stock split of Class A common shares, par value $0.002731 per share, and Class B common shares, par value $0.002731 per share, of the Company.