Reverse Stock Split

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cbdMD, Inc. Announces Automatic Conversion Date of Series A Preferred Stock and One for Eight Reverse Split of its Common Stock Immediately Following the Automatic Conversion
Newsfile· 2025-04-22 00:20
cbdMD, Inc. Announces Automatic Conversion Date of Series A Preferred Stock and One for Eight Reverse Split of its Common Stock Immediately Following the Automatic Conversion April 21, 2025 8:20 PM EDT | Source: cbdMD Charlotte, North Carolina--(Newsfile Corp. - April 21, 2025) - cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD PRA) (the "Company") one of the nation's leading and most highly trusted and recognized CBD companies, and operator of the leading CBD brands cbdMD and Paw CBD, along with its ...
SUNation Energy Announces Reverse Stock Split
Globenewswire· 2025-04-16 13:15
RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 - for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company’s common stock will continue to trade under the symbol “SUNE” and it is exp ...
HCW Biologics Announces 1-for-40 Reverse Stock Split
Globenewswire· 2025-04-01 20:35
Core Points - HCW Biologics Inc. announced a 1-for-40 reverse stock split effective April 11, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2] - The reverse stock split will reduce the number of shares outstanding from approximately 44,934,120 to about 1,123,353, while the total authorized shares will remain at 250,000,000 [3] - The reverse stock split will not affect stockholders' percentage ownership, except for those who would receive fractional shares, who will instead receive one whole share [2][3] Company Overview - HCW Biologics is a clinical-stage biopharmaceutical company focused on developing novel immunotherapies aimed at extending health span by addressing inflammation linked to age-related diseases [6] - The company utilizes two drug discovery platforms: the TOBI™ platform, which has produced several molecules including HCW9218 and HCW9302, and the TRBC platform, which employs a unique protein-based backbone for immunotherapeutics [6]
MarketWise Announces 1-for-20 Reverse Stock Split
Globenewswire· 2025-03-31 21:28
Core Viewpoint - MarketWise, Inc. will implement a 1-for-20 reverse stock split to enhance its stock price and meet Nasdaq listing requirements, effective April 2, 2025 [1][6]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding Class A common stock from approximately 49,487,262 shares to about 2,474,363 shares, and Class B common stock from approximately 276,623,803 shares to about 13,831,190 shares [3]. - The authorized Class A common stock will decrease from 950,000,000 shares to 47,500,000 shares, and Class B common stock from 300,000,000 shares to 15,000,000 shares [5]. - Fractional shares resulting from the reverse stock split will be paid in cash based on the closing price on April 2, 2025 [6]. Group 2: Rationale and Expectations - The reverse stock split aims to bring the stock price into a range more aligned with the company's market capitalization, making it more appealing to institutional investors and improving market perception [3]. - The company believes that the higher share price will help meet Nasdaq's minimum bid price requirement of $1.00 per share [6]. Group 3: Company Overview - MarketWise is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors [7]. - The company has over 25 years of operating history and serves millions of subscribers, offering its products through various digital platforms [8].