Wire
Wearable Devices to Implement 1-for-3 Reverse Stock Split
Wearable Devices (WLDS) plans to implement a 1-for-3 reverse stock split of its ordinary shares and tradable warrants, the company said Wednesday.The reverse split will take effect before trading begins on Monday.The purpose of the reverse split is to increase the per-share trading price of its ordinary shares and restore compliance with Nasdaq's requirement that listed companies maintain a minimum bid price of $1 per share, the company said.The company's ordinary shares and warrants will continue trading on the Nasdaq Capital Market under the symbols "WLDS" and "WLDSW," respectively, on a split-adjusted basis.Price: $0.77, Change: $-0.03, Percent Change: -3.40%
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