NXTP - NextPlay to execute 1-for-20 reverse stock split

• NextPlay Technologies ( NASDAQ: NXTP ) is set to execute a 1-for-20 reverse stock split of its common stock.
• Every 20 shares of the company’s common stock issued and outstanding will be automatically reclassified into one new share of common stock.
• The stock is expected to begin trading on a split-adjusted basis when the markets open on January 6, 2023, under the current Nasdaq trading symbol "NXTP."
• The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining NextPlay’s listing on the Nasdaq Capital Market.
• Prior to the split, there were 118,445,979 shares issued and outstanding and will adjust to ~5,922,299 shares of common stock issued and outstanding following split.
• NXTP shares were down 7% in Thursday's trading

For further details see: