Why Is Infobird (IFBD) Stock Down 31% Today?

Infobird (NASDAQ:IFBD) stock is falling on Thursday after the customer engagement solutions company announced details of an upcoming extraordinary general shareholder meeting.Infobird will hold this shareholder meeting on Feb.19, 2024. The main purpose of the meeting is to get shareholders to vote on plans for a reverse stock split.Infobird’s Board of Directors wants approval from the company’s shareholders to enact a one-for-eight reverse stock split. That would see the company consolidate eight shares of ...