2023-06-22 17:08:06 ET
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Skillz ( NYSE: SKLZ ) has approved a 1-for-20 reverse stock split of its class A and class B common stock, the company said Thursday.
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The reverse stock split was authorized by stockholders at the annual meeting on June 20, 2023 in order to regain compliance with the NYSE's listing standards.
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The company’s class A common stock will begin trading on a split-adjusted basis when the market opens on June 26, 2023.
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The class A common stock will continue to trade on the NYSE under the ticker symbol “SKLZ” but with a new CUSIP number of 83067L208.
For further details see:
Skillz says board approved 1-for-20 reverse stock split