other material
confidence high
sentiment negative
materiality 0.60
Regis Corp announces 1-for-20 reverse stock split to meet NYSE minimum bid price
REGIS CORP
- Reverse split ratio of 1-for-20; effective market open on November 29, 2023.
- Shares outstanding reduced from ~45.6M to ~2.3M; no fractional shares issued.
- Split is intended to regain compliance with NYSE continued listing standards by Dec 13, 2023.
- CUSIP number changes to 758932206; trading symbol remains RGS.
- All outstanding equity awards adjusted proportionately; fractional shares cashed out.