SuperCom (SPCB) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
SuperCom Ltd. has announced a 1-for-20 Reverse Split of its outstanding ordinary shares to comply with Nasdaq’s minimum bid price requirement and to potentially attract more institutional investors. The Reverse Split is set to take effect on August 22, 2024, and will adjust the price and number of shares accordingly, including options, warrants, and convertible securities. Shareholders holding shares electronically or in certificated form don’t need to take action as the changes will be reflected automatically or can be exchanged if desired.
For further insights into SPCB stock, check out TipRanks’ Stock Analysis page.