STCN - Steel Connect announce reverse/forward stock split
2023-06-07 17:21:22 ET
- Steel Connect ( NASDAQ: STCN ) has announced that it will effect a 1-for-3,500 reverse stock split of its common stock, par value $0.01/share, followed immediately by a 375-for-1 forward stock split of the Co. Common Stock.
- The Company Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol “STCN” and will begin trading on a split-adjusted basis when the market opens on June 22, 2023.
- On a net basis, the Reverse/Forward Stock Split results in an approximate 1-for-9.333 reverse stock split.
- STCN +5.78% after hours to $0.86.
For further details see:
Steel Connect announce reverse/forward stock split