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rosemountbomber

03/16/25 2:36 PM

#433998 RE: MrFred #433997

In a typical RS, companies have to get shareholder approval and the process might actuall be longer.  AI:
"After a company receives shareholder approval for a reverse stock split, the process typically takes a few months, with the reverse stock split becoming effective after the company notifies Nasdaq (or the relevant exchange) at least 10 calendar days in advance, and after the new CUSIP is DTC-eligible. [https://www.honigman.com/media/alert/3229_Public Company Alert 4.5.pdf, https://www.hoganlovells.com/en/publications/sec-approves-nasdaq-and-nyse-revisions-to-reverse-stock-split-rules-what-public-companies-need-to-know#:~:text=Nasdaq requires evidence that the new CUSIP,10-calendar-day notification requirement to avoid potential delays., https://www.klgates.com/The-State-of-Play-for-Reverse-Stock-Splits-by-Nasdaq-and-NYSE-Listed-Issuers-1-23-2025] ";

Generative AI is experimental.[1] https://www.honigman.com/media/alert/3229_Public Company Alert 4.5.pdf[2] https://www.hoganlovells.com/en/publications/sec-approves-nasdaq-and-nyse-revisions-to-reverse-stock-split-rules-what-public-companies-need-to-know#:~:text=Nasdaq requires evidence that the new CUSIP,10-calendar-day notification requirement to avoid potential delays.[3] https://www.klgates.com/The-State-of-Play-for-Reverse-Stock-Splits-by-Nasdaq-and-NYSE-Listed-Issuers-1-23-2025
In