KLR - Kaleyra slumps on 1-for-3.5 reverse stock split effective today
2023-03-09 07:32:12 ET
- Kaleyra ( NYSE: KLR ) approved 1-for-3.5 reverse stock split of its issued and outstanding common stock, effective today.
- The reverse stock split will not reduce the number of authorized shares of or change the par values of the common stock.
- Prior to the reverse split, Kaleyra has outstanding issued warrants listed on the NYSE American to purchase 5.4M shares with each whole warrant being exercisable to purchase one share of common stock at $11.5/share.
- Post reverse split, warrants are now exercisable for 1.5M shares at an exercise price of $40.25/share.
- Shares trading 70.3% down premarket.
For further details see:
Kaleyra slumps on 1-for-3.5 reverse stock split, effective today