Electra Battery Materials Corporation undergoes reverse share split to meet Nasdaq's bid price requirement.

From GlobeNewswire: 2024-12-30 07:00:00

Electra Battery Materials Corporation is undergoing a reverse share split, consolidating four pre-split shares into one post-split share to meet Nasdaq’s minimum bid price requirement of $1 per share. Shareholders approved the split on December 20, 2024. After the reverse split, the company will have approximately 14,803,355 common shares outstanding. A letter of transmittal will be sent to shareholders with instructions on exchanging their pre-split shares for new ones. Electra is focused on developing North America’s only cobalt sulfate refinery to support the electric vehicle supply chain and provide ethically-sourced battery materials. For more information, visit www.ElectraBMC.com.



Read more at GlobeNewswire: Electra Confirms Effective Date for Reverse Share Split