SUNation Energy (SUNE) said Wednesday that its board approved a 200-for-1 reverse stock split of common shares, effective April 21.
The company said it intends to increase the share price with the reverse stock split to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
The company will have about 3.4 million outstanding shares after the split is effective, SUNation added.
Shares of the company were down 48% in recent trading.
Price: 0.02, Change: -0.02, Percent Change: -48.78
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。