VIEW - View board approves reverse stock split subject to stockholder approval
2023-06-05 18:11:30 ET
- View ( NASDAQ: VIEW ) on Monday said its board had approved a reverse stock split of its class A common stock.
- The reverse stock split will need a shareholder approval.
- The board's decision "is intended to ensure that the Company is in full compliance with the Nasdaq Stock Market LLC’s listing rules," VIEW said in a statement .
- The company earlier in February had got a Nasdaq listing compliance notice due to the bid price of its shares closing below $1/share for 30 straight days.
- Later that month, VIEW had announced plans that it was considering a reverse stock split.
- If stockholders approve the reverse stock split, VIEW's board will select a reverse stock split ratio of either 40-for-1, 45-for-1, 50-for-1, 55-for-1 or 60-for-1.
For further details see:
View board approves reverse stock split, subject to stockholder approval