2023-03-23 13:53:26 ET
- In order to comply with Nasdaq's minimum bid price requirement and maintain its listing, Freight Technologies ( NASDAQ: FRGT ) announced a reverse share split which will increase the market price per share of the company's ordinary share.
- On Mar.3, 2023, the company approved a 10:1 reverse split of its shares, effective on or around Mar.24, 2023.
- The number of outstanding ordinary shares following the reverse split will be reduced to 3.27M shares
For further details see:
Freight Technologies announces 10-for-1 reverse share split to regain NASDAQ compliance