Noco-Noco falls after reverse stock split approval

noco-noco

11/10/2024 13:10

** Noco-Noco  NCNC.O  shares fall 22% to ~$0.91 in premarket
trading
    ** Singapore-based clean tech co's shareholders approves a
1-for-50 reverse stock split of outstanding ordinary shares
    ** Co expects reverse split to be effective Oct. 17
    ** After reverse split, co's outstanding ordinary shares
will be reduced from ~193 mln shares to ~3.9 mln shares
    ** NCNC shares down 37.2% YTD as of last close

 (Reporting by Bageshri Banerjee)
 ((bageshri.banerjee@thomsonreuters.com))