Dolphin Entertainment (DLPN) said Monday it will implement a 1-for-2 reverse split of its common shares as part of its plan to regain compliance with Nasdaq's $1 minimum bid price requirement for continued listing.
The split will become effective at 12:01 am ET on Wednesday and the shares will begin trading on a post-split basis when the market opens on the same day.
Shares of the company were up more than 2% in recent trading, reversing losses earlier in the session.
Price: 0.64, Change: +0.02, Percent Change: +2.41
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