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Re: spliffythecat post# 37

Tuesday, 10/09/2018 10:18:38 AM

Tuesday, October 09, 2018 10:18:38 AM

Post# of 39
Subject to shareholder approval. It's usually not a good thing. You would get 1 share for every 15 you own if you currently own shares.

"Navios Acquisition also announced that its Board of Directors has approved a 1-for-15 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split is subject to stockholder approval, which Navios Acquisition intends to seek at a special meeting of its stockholders scheduled to be held in November 2018. The reverse stock split is expected to be effected before the closing of the Transaction."