- Oblong ( NASDAQ: OBLG ) has incorporated a reverse stock split of the Co.'s issued and outstanding shares of common stock by a ratio of 1-for-15 , as approved by the Company’s stockholders and will become effective at 5:00 PM ET on Jan. 3, 2023.
- The Co.'s shares of common stock will begin trading on a split-adjusted basis on the Nasdaq at the commencement of trading on Jan. 4, 2023 under the Co.'s existing trading symbol “OBLG.”
- The reverse stock split is intended to increase the per share trading value of the Company’s common stock to satisfy the Nasdaq Capital Market’s continued listing standards.
For further details see:
Oblong announces 1-for-15 reverse stock split