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home / news releases / VISL - Vislink Technologies to effect 20-for-1 reverse stock split

VISL - Vislink Technologies to effect 20-for-1 reverse stock split

Vislink Technologies Inc.

2023-04-28 08:42:59 ET

  • Vislink Technologies ( NASDAQ: VISL ) was trading ~15% down Friday pre-market after the broadcasting company said it is set to effect a 20-for-1 reverse stock split, effective May 1.
  • The move is expected to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement.
  • The new CUSIP number following the reverse split will be 92836Y409.
  • The board had approved the reverse stock split on April 26.
  • The reverse split is set to reduce the number of outstanding shares to ~2M from ~47M.
  • Source: Press Release

For further details see:

Vislink Technologies to effect 20-for-1 reverse stock split
Stock Information
Company Name: Vislink Technologies Inc.
Stock Symbol: VISL
Market: NASDAQ
Website: vislink.com
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