Eargo announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s common stock. The Company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on Wednesday, January 18, 2023, under the existing trading symbol "EAR" and a new CUSIP number: 270087208. Upon the effectiveness of the reverse stock split, every 20 shares of the Company’s issued and outstanding common stock will be automatically reclassified into one share of issued and outstanding common stock.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on EAR:
- Eargo to Complete a 1-for-20 Reverse Stock Split
- Hearing Wellness Pioneer Eargo Launches Eargo 7, Its Most Revolutionary Device Yet, at CES
- Eargo to partner with NationsBenefits on over-the-counter hearing aids
- Eargo and NationsBenefits Announce Strategic Partnership
- Eargo appoints new directors, chairman to board following rights offering