2023-05-15 13:51:50 ET
- Greenidge Generation ( NASDAQ: GREE ) said Monday its 1-for-10 reverse stock split will become effective at 12.01 a.m. ET on May 16.
- Shares -10.9% in afternoon trade.
- The company's class A stock will begin trading on a split-adjusted basis on Nasdaq Global Select Market when markets open on May 16.
- The reverse stock split will affect all shareholders uniformly and will not alter any stockholder's percentage interest in the outstanding class A stock.
- Now read - Greenidge Generation: Only For The Strongest Stomachs
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Greenidge Generation announces 1-for-10 reverse stock split