Fundamental Global ( (FGF) ) has provided an update.
Fundamental Global Inc. announced a one-for-twenty-five reverse stock split, effective October 31, 2024, to potentially boost its market price. This adjustment will reduce the outstanding common shares from 31.4 million to approximately 1.3 million and will not affect shareholders’ percentage ownership, rounding up fractional shares to the nearest whole. The company’s stock will trade under the symbol ‘FGF’ with a new CUSIP number starting November 1, 2024.
See more insights into FGF stock on TipRanks’ Stock Analysis page.