TNL Mediagene (TNMG) announced that it will implement a 1-for-20 share consolidation of the company’s ordinary shares. The company’s ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on Tuesday, December 23. The share consolidation is intended to increase the per-share trading price of the company’s ordinary shares to assist in regaining compliance with the Nasdaq minimum bid price requirement of $1.00 per share for continued listing on Nasdaq.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TNMG:
- TNL Mediagene Amends Note Agreement and Issues Second Tranche
- TNL Mediagene announces partnership with CMoney
- TNL Mediagene Announces Shareholder Meeting Results and Strategic Changes
- TNL Mediagene Appoints New Auditor Amid Internal Control Concerns
- TNL Mediagene announces GIZMART generated over Y100M in GMV