Wednesday, December 20, 2023 2:35:48 PM
The reverse stock split will affect all stockholders uniformly and will not affect any stockholder's ownership percentage of the Company's shares, with the exception of those holders of fractional shares. The reverse stock split will reduce the number of outstanding shares of Common Stock from approximately 426 million to approximately 1.065 million shares and also proportionately reduce the number of authorized shares of Common Stock from 500 million to 1.25 million shares. In order to raise capital to maintain compliance with minimum equity listing requirements, we intend to seek stockholder approval to increase the number of authorized shares of common stock at our annual shareholders meeting.
We traded multiple times the post-split outstanding shares today.
Today's volume
334.1M
https://www.otcmarkets.com/stock/GMBL/news/story?e&id=2722797
Just watching to see if it tanks like most of them after the split. Who knows what will happen anymore. Almost bought this morning until I saw that RS planned for tomorrow.
Recent GMBL News
- Esports Entertainment Group Announces Upgrade to the OTCQB • GlobeNewswire Inc. • 03/28/2024 07:00:00 PM
- Esports Entertainment Group Announces Secured Note and Amendments to its Convertible Preferred Stock • GlobeNewswire Inc. • 03/13/2024 09:00:00 PM
- Esports Entertainment Group Announces Update to Voluntary Delisting from the Nasdaq • GlobeNewswire Inc. • 02/20/2024 06:00:00 PM
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