Trust Stamp Previews Strategic Announcements
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Trust Stamp's CEO announced that the company's reverse stock split will be effective for trading on January 6, 2025. The process began on September 20, 2024, and Nasdaq extended the compliance time for the $1 closing bid rule.
January 03, 2025 | 8:30 pm
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Trust Stamp is implementing a reverse stock split effective January 6, 2025, to comply with Nasdaq's $1 closing bid rule. This move is crucial for maintaining its Nasdaq listing.
The reverse stock split is a strategic move to increase the stock price and comply with Nasdaq's $1 closing bid requirement, which is essential for maintaining the listing. This could positively impact the stock price in the short term as it addresses compliance issues.
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IMPORTANCE 80
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