Articles tagged “reverse stock splits”

News Blog

Sonder’s 1-For-20 Reverse Stock Split to Become Effective Wednesday at Market Close

Sonder announced Tuesday that its 1-for-20 reverse stock split would become legally effective after market close Wednesday, and that its shares would start trading on that basis Thursday morning. The move is geared to get the stock trading at more than $1 per share in compliance with Nasdaq rules. "As of the Effective Time, every…

Dennis Schaal | 8 months ago

News Blog

Vacasa Announces Reverse Stock Split

Property manager Vacasa announced its intent to conduct a one-for-20 reverse stock split that's geared to get its share price higher than $1 per share and therefore to be continued to trade on Nasdaq. A vacation rental that Vacasa manages. Source: Vacasa Its shares were trading for $0.48 midday on Friday. The reverse stock split,…

Dennis Schaal | 8 months ago