TwongStocks
Tracking five NASDAQ stocks with reverse splits on Monday. Expect trading to halt at 7:50pm ET tonight and resume at 9:00am Monday morning.
$DFLI 1 for 8. Will reduce outstanding shares from approx 14.98m to approx 1.87m.
$MDCX 1 for 50. Will reduce outstanding shares from approx 89.76m to approx 1.80m.
$NIVF 1 for 4. Will reduce outstanding Class A shares from approx 35.69m to approx 8.92m.
$NXGL 1 for 20. Will reduce outstanding shares from approx 9.75m to approx 487k. NOTE: NASDAQ requires that companies maintain at least 500k publicly traded shares. Not sure if NXGL issued shares recently so that the post-RS share count is above 500k.
$ZBAO 1 for 50. Will reduce outstanding Class A shares from approx 449.26m to approx 8.99m.
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