The Real Good Food Company Announces Reverse Stock Split
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The Real Good Food Company, Inc. (Nasdaq: RGF) announced a 12-to-1 reverse stock split of its Class A and Class B common stock, effective January 3, 2025. This move aims to regain compliance with Nasdaq's minimum bid price requirement.
December 30, 2024 | 10:15 pm
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The Real Good Food Company is implementing a 12-to-1 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement.
The reverse stock split is a strategic move to increase the stock price and meet Nasdaq's listing requirements. While it doesn't change the company's market capitalization, it may affect investor perception and trading activity.
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