other material
confidence high
sentiment neutral
materiality 0.55
Medalist completes 1-for-10 reverse then 5-for-1 forward split; shares drop to ~1.12M
Medalist Diversified, Inc.
- Reverse 1-for-10 split effective 5:00 PM ET July 2; forward 5-for-1 split at 5:01 PM ET.
- Net result reduces outstanding shares from 2,236,631 to approximately 1,118,315.
- Fractional shares from reverse split will be cashed out at July 2 closing price.
- Par value adjusted to $0.01 per share via Third Amendment.
- Trading symbol MDRR unchanged; new CUSIP 58403P402 for post-split shares.