Star Equity Holdings announces 1-for-5 reverse stock split for Nasdaq compliance

From GlobeNewswire: 2024-06-12 08:30:00

Star Equity Holdings, Inc. announced a 1-for-5 reverse stock split to increase the per-share trading price for Nasdaq compliance. The split will take effect on June 14, 2024, with trading starting on June 17, 2024. This move will reduce outstanding shares from 15,848,202 to around 3,169,640 post-split. No cash or fractional shares will be issued. The split aims to help the company meet Nasdaq listing requirements. Owners of fractional shares will receive one full share. Adjustment of stock options and warrants will also be made. Equiniti Trust Company, LLC will serve as the exchange agent for the reverse split.



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