Tuesday, December 26, 2023 7:21:28 PM
“On November 1, 2023, the SEC approved new Nasdaq rules on notification and disclosure of reverse stock splits. Under the new rules, a listed company conducting a reverse stock split must:
Notify Nasdaq of certain details of the reverse stock split at least five business days prior to the anticipated market effective date (rather than our current rule requiring 15-days notice).
Publicly disclose the reverse stock split by noon ET at least two business days prior to the anticipated market effective date .”
Mark Me for The Push to 400 Member Marks-thanks-ALL POSTS and or ADVICE ARE IN MY OPINION ONLY !!
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