OWLT - Owlet launches 1-for-14 reverse stock split to regain NYSE listing compliance
2023-06-27 08:46:54 ET
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Owlet ( NYSE: OWLT ) said Tuesday it has approved a 1-for-14 reverse stock split of its Class A common stock to regain compliance with NYSE's listing rules.
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The stock split will become effective on July 7, 2023 at 5:00 p.m. EDT.
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The shares are expected to begin trading on the NYSE on a split-adjusted basis at the market open on July 10, 2023.
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The new CUSIP number for the common stock following the reverse split will be 69120X206.
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The reverse split will reduce the number of issued and outstanding shares from about 118,078,000 to about 8,434,142.
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Owlet launches 1-for-14 reverse stock split to regain NYSE listing compliance