noco-noco Revises Timelines For Reverse Stock Split After Delay In Nasdaq Compliance Filings; Shareholder Ratification Scheduled For December 13, 2024, With Reverse Split Expected By December 20
Portfolio Pulse from Benzinga Newsdesk
noco-noco has revised its timeline for a reverse stock split due to delays in Nasdaq compliance filings. Shareholder ratification is set for December 13, 2024, with the reverse split expected by December 20. A recent acquisition has improved shareholder equity to $1.7 million.
October 22, 2024 | 4:45 pm
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noco-noco is adjusting its reverse stock split timeline due to Nasdaq compliance delays. Shareholder ratification is scheduled for December 13, 2024, with the split expected by December 20. The company's recent acquisition has increased shareholder equity to $1.7 million.
The delay in Nasdaq compliance filings and the revised timeline for the reverse stock split are significant for NCNC investors as they impact the company's stock structure and compliance status. The recent acquisition improving shareholder equity is a positive development, but the overall impact on stock price in the short term is neutral due to the mixed nature of the news.
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