Brief: Board Of Directors Of Westell Tech Approves Plan To Terminate Registration Of Class A Common Stock

Westell Technologies

10/07/2020 21:27

July 10 (Reuters) - Westell Technologies Inc  WSTL.O :
    * BOARD OF DIRECTORS OF WESTELL TECHNOLOGIES, INC. APPROVES
PLAN
TO TERMINATE REGISTRATION OF CLASS A COMMON STOCK
    * WESTELL TECHNOLOGIES INC - TAKING STEPS TO AVOID
SUBSTANTIAL
COST AND EXPENSE OF BEING A PUBLIC REPORTING COMPANY
    * WESTELL TECHNOLOGIES - TERMINATING COMPANY'S PUBLIC
COMPANY
REPORTING OBLIGATIONS AND DELISTING COMPANY'S CLASS A COMMON
STOCK FROM NASDAQ CAPITAL MARKET
    * WESTELL TECHNOLOGIES - BOARD APPROVED PLAN FOR PROPOSED
TRANSACTION WHEREBY CO WOULD EFFECT REVERSE/FORWARD STOCK SPLIT
OF CLASS A & CLASS B COMMON STOCK
    * WESTELL TECHNOLOGIES INC - TRANSACTION INCLUDES A PROPOSED
1-FOR-1,000 REVERSE STOCK SPLIT OF CLASS A COMMON STOCK AND
CLASS B COMMON STOCK

Source text for Eikon:  ID:nGNX3jNqtL 
Further company coverage:  WSTL.O 

 (Reuters.Briefs@thomsonreuters.com)