Super League Gaming Announces Name Change To Super League Enterprise And 1-For-20 Reverse Stock Split; , The Stock Trading Symbol Will Be Changed From "SLGG" To "SLE", Expected To Go Into Effect On September 11
Portfolio Pulse from Benzinga Newsdesk
Super League Gaming, Inc. (NASDAQ:SLGG) announced a name change to Super League Enterprise, Inc. and a 1-for-20 reverse stock split. The stock trading symbol will change from 'SLGG' to 'SLE', effective from September 11. The company believes the new name aligns better with its vision and potential. The reverse split is expected to increase the market price per share to maintain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market.
September 08, 2023 | 3:02 pm
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Super League Gaming's name change and reverse stock split could potentially increase the market price per share, helping it maintain compliance with Nasdaq's minimum bid price requirement.
The company's name change and reverse stock split are strategic moves aimed at increasing the market price per share and maintaining compliance with Nasdaq's listing requirements. This could potentially make the company's stock more attractive to investors, thereby positively impacting its stock price in the short term.
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