Elevai Labs announces 1-for-200 reverse stock split
- Elevai Labs (NASDAQ:ELAB) will implement a 1-for-200 reverse stock split which will be effective at midnight on November 27, 2024.
- This initiative aligns with the company’s efforts to meet Nasdaq's minimum bid price requirement of $1.00 per share.
- Post the reverse stock pplit there will be approximately 3.07M shares of common stock issued and outstanding.
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