Forge Global (FRGE) said Monday that its board approved a 1-for-15 reverse stock split, which aims to bring the company into compliance with the minimum bid price rule for continued listing on the New York Stock Exchange.
The company said the reverse stock split will take effect on April 14, with its common stock to begin trading on a split-adjusted basis on the NYSE when trading starts the following day.
Forge Global shares fell nearly 11% in recent Monday trading.
Price: 0.59, Change: -0.07, Percent Change: -10.74
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