Nature's Miracle Holding (NMHI) said Tuesday it will implement a 1-for-30 reverse stock split to help regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq.
The company said the stock will begin trading on a split-adjusted basis when the market opens on Nov. 21.
Shares of Nature's Miracle retreated about 13% in recent trading.
Price: 0.09, Change: -0.01, Percent Change: -13.13
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