XXII - 22nd Century announces 1-for-15 reverse stock split to regain Nasdaq compliance
2023-07-03 06:30:57 ET
- Biotechnology company dedicated to improving health with reduced nicotine tobacco, 22nd Century Group ( NASDAQ: XXII ) will effect a reverse stock split at a ratio of 1-for-15, to be effective on July 5, 2023.
- The reverse stock split will consolidate the number of issued and outstanding shares to ~15.9M.
- The board decided to take action to regain compliance with the Nasdaq listing standards, that requires stock price to be minimum $1 per share.
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22nd Century announces 1-for-15 reverse stock split to regain Nasdaq compliance