FTC Solar (
FTCI
) announced that it will implement a reverse
stock split
of its issued and outstanding Common Stock at a ratio of 1-for-10, effective at 5:00 PM Eastern Time on November 29, 2024, to satisfy the Nasdaq Capital Market’s minimum $1.00 bid price per share requirement. The reverse stock split will be effected simultaneously for all outstanding shares of the Company’s Common Stock and will affect all of the Company’s stockholders uniformly.
Don't Miss our Black Friday Offers:
Published first on
TheFly
– the ultimate source for real-time, market-moving breaking financial news.
Try Now>>