HMBL - HUMBL stock dips 2% cancels reverse stock split
-
HUMBL ( OTCQB:HMBL ) cancels its application for a 1:10 reverse split of its common stock with FINRA.
-
The application with FINRA was withdrawn in light of reassessing its strategic plans for a future uplist to a major stock exchange and may reapply later this year should it be necessary to do so.
-
Brian Foote, CEO commented “We also revisited the purpose of the reverse split and believe it is neither aligned with our current objectives, nor particularly beneficial for our retail shareholders at this juncture.”
-
Stock drops 2% post-market hours on Thursday.
For further details see:
HUMBL stock dips 2%, cancels reverse stock split