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Momentus (NASDAQ:MNTS) has effectuated a 1-for-14 reverse inventory cut up of its Class A standard inventory that may develop into efficient on December 12, 2024, at 5:00 p.m. Jap Time.
The corporate’s frequent inventory will start buying and selling on a split-adjusted foundation on the opening of the market on December 13, 2024.
The reverse inventory cut up will scale back the variety of excellent shares from ~31M shares to ~2M shares.
The reverse inventory cut up is meant to deliver the corporate into compliance with Nasdaq’s minimal bid worth requirement.
MNTS shares have been up 1% in after hours buying and selling on Monday.
Supply: Press Launch
The corporate’s frequent inventory will start buying and selling on a split-adjusted foundation on the opening of the market on December 13, 2024.
The reverse inventory cut up will scale back the variety of excellent shares from ~31M shares to ~2M shares.
The reverse inventory cut up is meant to deliver the corporate into compliance with Nasdaq’s minimal bid worth requirement.
MNTS shares have been up 1% in after hours buying and selling on Monday.
Supply: Press Launch
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