noco-noco Inc seeks extension for reverse stock split to comply with Nasdaq's minimum bid price.

From GlobeNewswire: 2024-10-22 12:43:00

noco-noco Inc. seeks extension for reverse stock split to comply with Nasdaq’s minimum bid price requirement. Shareholders approved a share consolidation at EGM but were delayed due to required filings. Company will seek shareholder ratification for revised effective date at upcoming EGM on Dec. 13, 2024, with the reverse split expected on Dec. 20, 2024. The acquisition of separator production facilities has improved shareholder equity deficit from $7.3 million to a positive $1.7 million as of June 30, 2024. noco-noco remains committed to regaining compliance with Nasdaq’s listing standards. Find out more at noco-noco’s website.



Read more at GlobeNewswire: noco-noco Inc Announces Revised Timelines for Reverse Stock