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Wed, February 22, 2012Tue, February 21, 2012Mon, February 20, 2012Fri, February 17, 2012Thu, February 16, 2012Wed, February 15, 2012Tue, February 14, 2012Mon, February 13, 2012Sun, February 12, 2012Sat, February 11, 2012Fri, February 10, 2012Thu, February 9, 2012Wed, February 8, 2012Tue, February 7, 2012Mon, February 6, 2012Sun, February 5, 2012Sat, February 4, 2012Fri, February 3, 2012Thu, February 2, 2012Wed, February 1, 2012Tue, January 31, 2012Mon, January 30, 2012Orange 21 Announces Corporate Name Change to SPY Inc., Stock Symbol Change to "XSPY"
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Published in House and Home on Friday, February 10th 2012 at 11:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
February 10, 2012 14:01 ET
Orange 21 Announces Corporate Name Change to SPY Inc., Stock Symbol Change to "XSPY"
So Calif. Eyewear Co. Punctuates Focus on Core Brand With Eponymous Return
CARLSBAD, CA--(Marketwire - Feb 10, 2012) - Orange 21 Inc. (
On Feb. 6, 2012, Orange 21 Inc., a Delaware corporation, filed a Certificate of Ownership and Merger to effect a merger of the Company's wholly-owned subsidiary, SPY Inc., with and into the Company, and to change the Company's legal name to "SPY Inc.," effective Feb. 15, 2012.
Also on Feb. 15, 2012, the Second Amended and Restated Bylaws of the Company reflecting the name change, as previously approved by the Company's board of directors, will become effective. Other than the name change, no changes will be made to the Company's bylaws in effect prior to Feb. 15, 2012.
"The changing of our Company name back to SPY harks to the business's renewed focus on its most important and valuable asset -- the SPY brand," says SPY CEO Michael Marckx. "The Company's design, marketing, financial resources and psychic energy are now singularly concentrated on SPY."
Orange 21 decided to cease any new purchase orders of additional inventory for the O'Neill®, Melodies by MJB® or Margaritaville® brands in 2011 and sold-off interest in its former Italian-based manufacturing subsidiary, LEM, on Dec. 31, 2010.
In connection with the name change, SPY Inc. anticipates it will begin trading under the new ticker symbol "XSPY" on the OTC Bulletin Board on or about Feb. 15, 2012. The Company's common stock has been assigned a new CUSIP number of 85219W107 in connection with the name change, to be effective on Feb. 15, 2012.
Outstanding stock certificates for shares of the Company are not affected by the name change; they continue to be valid and need not be exchanged.
About SPY®
Orange 21 Inc. designs, develops, markets and produces premium products for the action sports, motorsports, snowsports, cycling and multisport, ophthalmic, and lifestyle and fashion markets under the brands SPY®, SPY Optic™, SPY Performance™ and SPY Rx™.
