American Rebel (AREB) said Monday it will launch a reverse stock split of its common shares at a ratio of 1-for-25.
The shares will start trading on a split-adjusted basis at the opening of Nasdaq on March 31, the company said.
The split is being launched to keep ensuring compliance with Nasdaq's minimum bid price requirement of $1 per share, among other objectives, American Rebel said.
The company's shares were falling past 23% in recent Monday trading.
Price: 0.12, Change: -0.04, Percent Change: -23.24
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