QVC (QVCGA, QVCGB) said Friday it has approved a 1-for-50 reverse stock split expected to take effect at 4:01 p.m. on May 22, 2025.
The split is meant to bring the QVC into compliance with the $1.00 minimum bid price for Nasdaq listing, the company said.
The company said that it does not expect that QVCGB will meet listing requirements and will delist from Nasdaq and move to OTC markets on or around May 27.
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