IZEA - IZEA Worldwide announces a 1-for-4 reverse stock split
2023-06-15 10:13:02 ET
- IZEA Worldwide ( NASDAQ: IZEA ) has announced a 1-for-4 reverse split of its common stock to be effective prior to the market open on June 16, 2023.
- The purpose of the Reverse Split is to enable the Co. to regain compliance with the Nasdaq Capital Market continued listing guidelines.
- The Co. believes that a greater price per share of common stock could allow a broader range of institutions to invest in the Company, potentially increasing marketability, trading volume and liquidity of the common stock.
- Following the completion of the Reverse Split, Nasdaq will monitor trading for a minimum of ten trading days to ensure the Co.’s common stock maintains key thresholds, including a minimum bid price of $1/share.
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IZEA Worldwide announces a 1-for-4 reverse stock split