From GlobeNewswire:

Safeguard Scientifics, Inc. (Nasdaq:SFE) has announced a reverse stock split at a ratio of 1-for-100, followed immediately by a forward stock split at a ratio of 100-for-1, expected to be effective on or about January 12, 2024. As a result of the reverse stock split, shareholders owning fewer than 100 shares will receive a Cash Payment of $1.65 per share. The company also plans to delist its common stock from trading on Nasdaq and expects to reduce the number of record holders of its common stock below 300. Safeguard Scientifics has provided capital and expertise to technology-driven businesses for over six decades. For more information, visit www.safeguard.com.



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