Skillz Plans 1-For-20 Reverse Stock Split, Effective June 23, 2023
Portfolio Pulse from Benzinga Newsdesk
Skillz has announced a 1-for-20 reverse stock split, effective June 23, 2023, to return to compliance with the New York Stock Exchange continued listing standards. The split was authorized by Skillz stockholders at the Annual Meeting of Stockholders on June 20, 2023.
June 22, 2023 | 9:01 pm
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Skillz's 1-for-20 reverse stock split aims to bring the company back into compliance with NYSE listing standards, potentially stabilizing its stock price.
The reverse stock split is intended to help Skillz regain compliance with NYSE listing standards, which could stabilize its stock price in the short term. However, the long-term impact on the stock price will depend on the company's overall performance and market conditions.
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