Alpha Modus to Implement 1-for-40 Reverse Stock Split

MT Newswires Live

06/08

Alpha Modus (AMOD) will implement a 1-for-40 reverse stock split of its Class A shares to restore compliance with Nasdaq listing requirements, the company said in a Monday filing.

The move is aimed at meeting Nasdaq's $1 minimum bid price requirement and will take effect June 15, when shares begin trading on a split-adjusted basis, it added.

Alpha Modus shares were down about 25% in premarket activity.

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