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Amesite ( NASDAQ: AMST ) said Tuesday it will effect a 1-for-12 reverse split of its common stock to comply with Nasdaq bid price rule.
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The reverse stock split will be effective as of the open of business on February 22, 2023.
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At market open on Nasdaq on February 22, AMST common stock will trade on a post-split basis under the same symbol.
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The reverse stock split was approved by the company’s stockholders at the special meeting held on February 15, 2023.
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Shares -2.5% at 34 cents after hours.
For further details see:
Amesite to effect 1-for-12 reverse share split to regain Nasdaq compliance