General Enterprise Ventures, Inc. announced a reverse stock split of its common stock.
The company aims to uplist to a national exchange for long-term growth.
The reverse stock split is part of the strategy to align with listing requirements and boost visibility among investors.
Reverse Stock Split
One post-split share for every six pre-split shares (1-for-6 reverse stock split).
Strategic Move
Aligning with listing requirements of a national securities exchange and positioning for accelerated growth.
Market Trading
Common stock to be traded under temporary ticker symbol GEVID before reverting to GEVI after 20 business days.
- The reverse stock split will reduce outstanding shares from 87,550,981 to approximately 14,592,205 shares.
- Proportional adjustments to equity awards and convertible securities will be made.
- Stockholders' percentage interests in the company's equity will remain unaffected by the reverse stock split.
General Enterprise Ventures' reverse stock split signifies a strategic step towards growth and uplisting to a national exchange, enhancing opportunities for future expansion and investor participation.