Auddia Announces Reverse Stock Split – Quick Facts | Global Market News
(RTTNews) – Auddia Inc. (AUUD, AUUDW) introduced that efficient earlier than market open on March 31,
2025, it should full a 1-for-17 reverse stock break up of its common stock. The Board resolved to set the reverse stock break up on the ratio of 1-for-17. Every seventeen issued shares of common stock will robotically be mixed into one share of common stock.
The company believes that affecting the reverse stock break up will help in its efforts to satisfy the Nasdaq continued itemizing requirements and to proceed to have its common stock stay listed and traded on Nasdaq. The company expects the reverse stock break up to increase the per share price and bid price of its common stock above the $1.00 required by Nasdaqs Minimum Bid Price Rule.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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