Anghami Inc., a company listed on the Nasdaq Capital Market, announced plans for a reverse stock split of its ordinary shares. This move aims to address the Nasdaq's minimum bid price requirement, which mandates a closing bid price of at least $1.00 per share. The decision comes after the company's shares fell below this threshold for 32 consecutive business days. The reverse stock split proposal is recommended by the board and will be discussed at an extraordinary general meeting on July 16, 2025.
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