Nexentis Technologies Announces 1-For-5 Reverse Stock Split, Effective November 9
Benzinga Newsdesk 1 week ago
Stock SplitNews
The Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol "NXTS." As previously disclosed, at the Special Meeting of the Stockholders of Nexentis held on April 30, 2026, the
The Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol "NXTS." As previously disclosed, at the Special Meeting of the Stockholders of Nexentis held on April 30, 2026, the Company’s stockholders approved a proposal authorizing the Company’s Board of Directors, among other things, to effect one or more reverse stock splits at a ratio of not less than 1-for-2 and not more than 1-for-500 in order to increase the per share price and bid price of the Company’s common stock to regain compliance with the continued listing requirements of Nasdaq and make the common stock more attractive to certain institutional investors, which would provide for a stronger investor base.