Inno Holdings (INHD) said Tuesday it will implement a 1-for-10 reverse stock split mainly to increase its per-share price to regain compliance with Nasdaq's minimum $1 average closing price requirement for continued listing.
The company expects its shares to start trading on a split-adjusted basis Thursday.
Inno shares were down 12.3% in recent trading.
Price: 0.49, Change: -0.06, Percent Change: -11.29
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