Izea Plunges On 1: for-4 reverse stock split
15/06/2023 17:37
** Shares of marketing technology company IZEA Worldwide Inc
IZEA.O down as much as 14.9% at $0.655
** Co announces to effect a 1-for-4 reverse stock split on
June 16 which was approved by co's board
** IZEA stock set to post worst day since May 2021, if
losses hold
** IZEA says purpose of reverse split is to enable co to
regain compliance with Nasdaq capital market continued listing
guidelines
** Including session's loss, stock has risen ~21% YTD
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))