A2Z Smart Technologies (AZ) has released an update.
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A2Z Smart Technologies is set to undertake a 1-for-2.5 reverse share split, effective October 8, 2024, to meet Nasdaq’s minimum bid price requirement. The adjustment will reduce the total number of common shares, with no change to the par value, and fractional shares will be rounded up. This corporate action aims to maintain compliance with stock market listing standards, without guaranteeing the minimum bid price achievement.
For further insights into AZ stock, check out TipRanks’ Stock Analysis page.