KULR Technology Group (KULR) said late Friday it will effect a 1-for-8 reverse stock split of its shares at trading start on June 23.
The company said the reverse stock split will lower the number of its shares to under 40 million from about 300 million.
Shares were down about 19% in recent Monday trading.
Price: 0.93, Change: -0.22, Percent Change: -19.22
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