Wire
Nocera to Implement 1-for-30 Reverse Stock Split; Shares Fall
Nocera (NCRA) said Thursday it will implement a 1-for-30 reverse stock split after the market closes Monday, with its stock set to begin trading on a split-adjusted basis on the Nasdaq Capital Market Tuesday.The reverse split will reduce the company's outstanding shares to about 1.55 million from about 46.5 million. The board selected the 1-for-30 ratio after receiving shareholder approval earlier this year.The company said the reverse split is intended to help satisfy Nasdaq's minimum bid price requirement for continued listing.Shares of Nocera were down more than 33% in Thursday afternoon trading.Price: $0.07, Change: $-0.03, Percent Change: -33.10%
$NCRA
