other material
confidence high
sentiment negative
materiality 0.75
Algorhythm Holdings enacts 1-for-200 reverse stock split, boosts authorized shares to 800M
Algorhythm Holdings, Inc.
- Reverse stock split at 1-for-200 ratio approved by Board on Jan 14, 2025; Certificate of Amendment filed with Delaware.
- Authorized common shares increased from 100M to 800M, following stockholder vote at Jan 13, 2025 annual meeting.
- Reverse split has not yet taken effect in public markets; impact on trading pending Nasdaq approval.