Infobird Co., Ltd Announces Delay In Effective Date Of Reverse Split To March 4 ,2024
Portfolio Pulse from Benzinga Newsdesk
Infobird Co., Ltd (NASDAQ:IFBD), a provider of AI-powered customer engagement solutions, has postponed the effective date of its reverse stock split to March 4, 2024, due to delays in obtaining necessary regulatory clearances. The reverse split was initially scheduled to take effect after the close of business on February 26, 2024.
February 26, 2024 | 5:01 pm
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Infobird's reverse stock split has been delayed to March 4, 2024, due to regulatory clearance delays.
The delay in the reverse stock split due to regulatory clearances is a procedural matter and may not have a significant immediate impact on the stock price. However, it indicates potential issues in the company's ability to meet deadlines or navigate regulatory processes, which could affect investor confidence. The neutral score reflects uncertainty about the market's reaction to this delay.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100