- MGO Global (NASDAQ:MGOL) said its board approved a one-for-ten reverse stock split of its common stock, effective on July 18, 2024.
- MGOL shares were trading -0.33% pre-market on Monday.
- The reverse stock split is part of the company’s plan to regain compliance with the minimum bid price requirement.
- The shares are set to trade on the Nasdaq Capital Market under a new CUSIP number, and will continue to trade under its existing symbol, “MGOL.”
- The number of shares issued and outstanding will be reduced to ~2.09 million from ~20.96 million.
2024-07-15