Freight Technologies (FRGT) said Monday that its board approved a 1-for-25 reverse split of its issued and outstanding ordinary shares to raise the company's share price and meet Nasdaq's $1 minimum bid price requirement for continued listing.
The company said its shares will start trading on a split-adjusted basis on Wednesday.
Freight Technologies' shares dropped about 29% in recent trading.
Price: 0.08, Change: -0.03, Percent Change: -28.56
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments