Wire
Vision Marine Reports 1-for-10 Reverse Stock Split
Vision Marine Technologies (VMAR) said Monday its board has approved a 1-for-10 reverse stock split of its shares.The reverse stock split is expected to become effective when the market opens on June 17, the company said.The goal of the reverse stock split is to increase the market price of its shares to avoid non-compliance with the minimum $1.00 Nasdaq bid price requirement, the company added.Shares were down about 27% in midday trading.Price: $0.24, Change: $-0.09, Percent Change: -27.69%
$VMAR