other material
confidence high
sentiment neutral
materiality 0.40
Sonim Technologies announces 1-for-10 reverse stock split to regain Nasdaq compliance
DNA X, Inc.
- Board approved 1-for-10 reverse stock split; effective 5:00 p.m. ET on July 17, 2024.
- Common stock (SONM) to commence trading on split-adjusted basis July 18, 2024; new CUSIP 83548F 309.
- No fractional shares; one full share issued in lieu of any fractional share.
- Split aims to increase share price to regain compliance with Nasdaq minimum bid price requirement.