- Esports Entertainment Group (NASDAQ:GMBL) has announced that its Board of Directors has approved a 1-for-400 reverse stock split of the Co.'s common stock, par value $0.001.
- The reverse stock split will become effective at 4:01 PM ET on Dec. 21, 2023.
- The Common Stock is expected to begin trading on a split-adjusted basis on the Nasdaq under the same symbol "GMBL" when the market opens on Dec. 22, 2023.
- The reverse stock split will reduce the number of outstanding shares of Common Stock from ~426M to ~1.065M shares and also proportionately reduce the number of authorized shares of Common Stock from 500M to 1.25M shares.
Esports Entertainment announces 1-for-400 reverse stock split
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| Symbol | Last Price | % Chg |
|---|---|---|
| GMBL | - | - |
| Esports Entertainment Group, Inc. | ||