Replies to post #84248 on Niocorp Developments Ltd (NB)

[PutzMueler]

https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp

[scooter83]

I found this in the merger agreement.

The Company will effectuate a reverse stock split of the Company Common Shares issued and outstanding at the Closing ... sufficient to meet any applicable listing requirements, with the ratio to be mutually agreed by the Parties and (b) the Second Merger Surviving Company will effectuate a proportionate reverse stock split of (i) the Second Merger Class A Shares and (ii) the Second Merger Class B Shares (each, a “Reverse Stock Split”).