Air Industries Group Announces 1-for-5 Reverse Stock Split
Air Industries Group (AIRI) has announced a 1-for-5 reverse stock split of its issued and outstanding common stock. This corporate action will reduce the company's total outstanding shares from approximately 4.86 million to roughly 971,237 shares. The announcement comes as the company prepares for an upcoming shareholder vote regarding a proposed merger with Tenax. The restructuring of share count is a significant move ahead of this strategic consolidation.
Topics: equity restructuring reverse stock split share consolidation
Read the full article at Seeking Alpha
Part of the story PharmaCyte Biotech Approves 1-for-19 Reverse Stock Split to Meet Nasdaq Compliance (3 articles)