MoneyLion shares fall on reverse stock split plan

Moneylion

24/04/2023 13:49

** Shares of fintech company MoneyLion Inc  ML.N  fall 14.2%
to $0.36 in premarket trading 
    ** Co announces 1-for-30 reverse stock split of its Class A
common stock
    ** Class A common stock expected to begin trading on reverse
split-adjusted basis on April 25 
    ** Co has ~263.32 million shares outstanding as per
Refinitiv data
    ** Up to last close, stock has fallen 32.3% this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))