Reported Earlier, Nuvve Holding Executes Reverse Stock Split to Regain Nasdaq Compliance
Portfolio Pulse from Benzinga Newsdesk
Nuvve Holding Corp. has executed a 1-for-10 reverse stock split to regain compliance with Nasdaq's Bid Price Rule. The company has 652,727 shares outstanding and advises shareholders to protect their shares against market manipulation.
September 25, 2024 | 6:41 am
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Nuvve Holding Corp. has executed a 1-for-10 reverse stock split to regain compliance with Nasdaq's Bid Price Rule. This action reduces the number of shares outstanding to 652,727 and aims to increase the stock price.
The reverse stock split is a strategic move to increase the stock price and regain compliance with Nasdaq's listing requirements. This is likely to have a positive short-term impact on the stock price as it addresses the compliance issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100