Janover (JNVR) said Thursday it will implement a 1-for-8 reverse stock split, effective Dec. 30, as part of a strategy to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq.
The company said it expects the reverse stock split to increase the per-share price of its common stock.
Shares of Janover were up 3.3% in recent premarket activity Thursday.
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