- American Virtual Cloud Technologies (NASDAQ:AVCT) said on Thursday that it intends to effect a 1-for-15 reverse stock split of its issued and outstanding shares of common stock.
- The reverse stock split will become effective on September 30, 2022 and the company's common stock is expected to begin trading on a split-adjusted basis when the market opens on October 3, 2022.
- The company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "AVCT."
- The new CUSIP number for the common stock following the Reverse Stock Split will be 030382204.
- Shares are down 29.6% premarket on Friday.
AVCtechnologies intends to effect a 1-for-15 reverse stock split
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| Symbol | Last Price | % Chg |
|---|---|---|
| AVCTQ | - | - |
| American Virtual Cloud Technologies, Inc. | ||