other material
confidence high
sentiment negative
materiality 0.65
Algorhythm Holdings announces 1-for-200 reverse stock split effective Feb 10, 2025
Algorhythm Holdings, Inc.
- As of Feb 6, 2025, shares outstanding total 476,359,875, including shares from Series B warrant exercises.
- 1-for-200 reverse stock split to take effect at market open on Monday, Feb 10, 2025.
- Post-split shares outstanding anticipated to be approximately 2,381,799, excluding fractional share rounding.
- Reverse stock split intended to maintain compliance with Nasdaq listing requirements.