Hub Cyber Security (HUBC) said Thursday it will implement a 1-for-10 reverse share split, effective at the end of Friday.
The shares will begin trading on a split-adjusted basis Monday. Each 10 shares will be converted into one, with fractional shares rounded down.
The company said the move is intended to increase the share price and help regain compliance with Nasdaq's minimum bid price requirement.
Shares of Hub Cyber Security fell past 17% in recent trading.
Price: 0.41, Change: -0.09, Percent Change: -17.07
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