AUVI - Applied UV falls on 1-for-5 reverse stock split news
2023-05-30 09:26:22 ET
- Applied UV ( NASDAQ: AUVI ) fell 10.43% on Tuesday pre-market after the company said that it will effect a 1-for-5 reverse stock split, effective after market opens on May 31.
- The reverse stock split is intended to bring the company into compliance with the $1.00 minimum bid price requirement.
- The shares of the proprietary surface and air disinfection technology company will continue to trade on Nasdaq under the existing ticker symbol AUVI.
- The new CUSIP number for the shares following the reverse stock split will be 03828V402.
- The company's shareholders approved the proposal for the reverse stock split at the annual meeting of stockholders held on May 24.
- Source: Press Release
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Applied UV falls on 1-for-5 reverse stock split news