Flora Growth Corp. To Effect 1-For-20 Reverse Stock Split To Commence Trading On A Post-Reverse Stock Split Basis At Market Open On June 9, 2023
Portfolio Pulse from Happy Mohamed
Flora Growth Corp. (NASDAQ:FLGC) announces a 1-for-20 reverse stock split effective on June 9, 2023. The common shares will continue to trade on the Nasdaq Capital Market under the existing ticker 'FLGC'.
June 07, 2023 | 8:09 pm
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Flora Growth Corp. (FLGC) will undergo a 1-for-20 reverse stock split on June 9, 2023, with shares continuing to trade on the Nasdaq Capital Market.
The reverse stock split will not affect any shareholder's ownership percentage or modify any voting rights or other terms of the common shares. The short-term impact on the stock price is neutral as the split is a technical adjustment and does not change the company's fundamentals.
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IMPORTANCE 80
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