Vision Marine performs a 1-15 reverse stock split on Aug 22 to meet Nasdaq's $1/share requirement.
Vision Marine Technologies (NASDAQ: VMAR) plans a 1-15 reverse stock split on August 22nd to increase its per-share market price, aiming to regain compliance with Nasdaq's $1.00 bid price per share requirement. The company's shares have traded down $0.10, reaching $0.35, and reported negative earnings for Q2. The reverse split follows a staff determination letter from Nasdaq, indicating the company hadn't regained compliance by the deadline of August 14th.
August 20, 2024
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