IFBD - Infobird Reverse Split Effective Date Delay Bounce

2024-02-27 07:13:58 ET

DENVER, Colo., Feb 27, 2024 ( 247marketnews.com )- Infobird Co., Ltd (NASDAQ: IFBD ) is trading at $4.48, $1.72 (+62.32%), on 1.7M shares traded.

Yesterday it announced that it amended the effective date for its reverse stock split to Monday March 4, 2024 to begin trading on a split-adjusted basis when the market opens, due to an unanticipated delay in obtaining necessary regulatory clearances.

The Company previously planned for its reverse split to become effective after the close of business on Monday, February 26, 2024, and had expected the ordinary shares to begin trading on a split-adjusted basis when the market opened the following day, Tuesday, February 27, 2024.

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