View Announces Plans For Reverse Stock Split To Ensure Full Compliance With Nasdaq Listing Rules
Portfolio Pulse from Benzinga Newsdesk
View announces plans for a reverse stock split to ensure full compliance with Nasdaq listing rules. The company will seek stockholder approval at its 2023 annual meeting, with potential split ratios ranging from 40-for-1 to 60-for-1.
June 05, 2023 | 9:19 pm
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View plans a reverse stock split to maintain Nasdaq compliance. Stockholder approval will be sought at the 2023 annual meeting, with split ratios between 40-for-1 and 60-for-1.
The reverse stock split announcement is directly related to View and its stock price. However, the short-term impact is neutral as the actual split will depend on stockholder approval and the chosen ratio. The news is important for investors to be aware of potential changes in the stock's value and liquidity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100