Brief: Englobal Corp Announces Reverse Stock Split

ENGlobal

29/11/2023 15:57

Nov 29 (Reuters) - ENGlobal Corp  ENG.O :
    * ENGLOBAL CORP - ANNOUNCES REVERSE STOCK SPLIT, NASDAQ
COMMUNICATION REGARDING STOCKHOLDERS' EQUITY
    * ENGLOBAL CORP - IT WILL EFFECT A ONE-FOR-EIGHT REVERSE
SPLIT OF
ITS COMMON STOCK, EFFECTIVE AT 11:59 PM, EASTERN STANDARD TIME,
ON NOVEMBER 30
    * ENGLOBAL CORP - REVERSE STOCK SPLIT IS INTENDED TO
INCREASE PER
SHARE TRADING PRICE OF CO'S COMMON STOCK TO SATISFY MINIMUM BID
PRICE REQUIREMENT
    * ENGLOBAL-RECEIVED NOTIFICATION LETTER DATED NOV 27 FROM
NASDAQ
NOTIFYING CO THAT IT IS NOT CURRENTLY IN COMPLIANCE WITH NASDAQ
LISTING RULE 5550(B)(1)

Source text for Eikon:  ID: 
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