AVCT - AVCtechnologies intends to effect a 1-for-15 reverse stock split

• American Virtual Cloud Technologies ( NASDAQ: AVCT ) said on Thursday that it intends to effect a 1-for-15 reverse stock split of its issued and outstanding shares of common stock.
• The reverse stock split will become effective on September 30, 2022 and the company's common stock is expected to begin trading on a split-adjusted basis when the market opens on October 3, 2022.
• The company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "AVCT."
• The new CUSIP number for the common stock following the Reverse Stock Split will be 030382204.
• Shares are down 29.6% premarket on Friday.

For further details see: