Sharps Technology Announces Stockholders' Approval Of 1-For-22 Reverse Stock Split Ratio, That Will Become Effective On October 15, 2024 At 11:59 p.m. ET
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Sharps Technology announced a 1-for-22 reverse stock split effective October 15, 2024, to comply with Nasdaq's minimum bid price requirement.
October 14, 2024 | 12:19 pm
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Sharps Technology is implementing a 1-for-22 reverse stock split to comply with Nasdaq's minimum bid price requirement, effective October 15, 2024.
The reverse stock split is a strategic move to maintain Nasdaq listing by meeting the minimum bid price requirement. This action is neutral in the short term as it does not change the company's market capitalization but may affect investor perception.
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