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FINWIRES

OIO Group to Effect 1-for-3 Reverse Stock Split

-- OIO Group (OIO) said Wednesday its board has approved a 1-for-3 reverse stock split in connection with the closing of its planned merger with De Tomaso Automobili Holdings Limited.

The shares will begin trading on a split-adjusted basis on April 24, the company said.

The reverse stock split is being implemented in connection with its planned Nasdaq listing and is also intended to support compliance with Nasdaq's minimum bid price requirement, the firm said.

Price: $2.64, Change: $-0.19, Percent Change: -6.71%

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