Reported Wednesday, Workhorse Group Regains Nasdaq Compliance With Minimum Bid Price Following 1-For-20 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Workhorse Group has regained Nasdaq compliance with the minimum bid price requirement following a 1-for-20 reverse stock split.
July 05, 2024 | 3:00 pm
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Workhorse Group has successfully regained compliance with Nasdaq's minimum bid price requirement by implementing a 1-for-20 reverse stock split.
The reverse stock split has allowed Workhorse Group to meet Nasdaq's minimum bid price requirement, which is a positive development for the company's stock. This action can help prevent delisting and may improve investor confidence in the short term.
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