2023-06-12 14:02:58 ET
Electrovaya ( OTCQB:EFLVF ) said Monday it intends to proceed with a reverse split of its issued and outstanding common stock at a ratio of 1 consolidated for 5 pre-consolidated shares.
The company is initiating the reverse stock split to meet the minimum bid price requirement to list on the Nasdaq.
Post-consolidation, the company's trading symbol on the TSX will be changed to "ELVA", and the same symbol has also been reserved with Nasdaq.
The post-consolidation common shares are estimated to begin trading on the TSX under CUSIP number 28617B606 and under the new ticker symbol by Friday, June 16th, 2023.
For further details see:
Electrovaya launches reverse stock split and plans for Nasdaq listing