The Board of V Group, Inc. (OTCPK:VGID) announced the spin-off of its stake in Leaf of Faith on August 24, 2017. The record date for the distribution is October 31, 2017. The distribution ratio needs to be finalized and approved by Financial Industry Regulatory Authority (Finra). The exact spin-off date also still needs to be finalized and approved by Finra. As of December 14, 2017, the distribution ratio was announced. For every 12 shares of V Group, Inc. that are held by a shareholder on October 31, 2017, the participating shareholder will receive 1 share of Leaf of Faith. The share structure and the ticker symbol will be announced as soon as they are approved. The transaction is expected to be completed towards the end of 2017.