Newegg Commerce Board Approves 20-to-1 Share Combination

MT Newswires Live

03-14

Newegg Commerce (NEGG) said Friday its board approved a 20-to-1 combination of its common shares in a bid to allow the company to continue to meet Nasdaq's minimum listing requirements.

The company expects its shares to start trading on a combined basis on or around April 7.

Newegg shares were down 3.9% in recent premarket activity.

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