Nikola's board has approved a 1-for-30 reverse stock split to comply with Nasdaq listing rules, with shares set to trade on a split-adjusted basis starting June 25. The move comes as the company faces challenges and its shares trade below $1.
The board of embattled EV company Nikola Corp has approved a 1-for-30 reverse stock split as the company's shares continue to trade under $1. Here's what to know: https://t.co/EmkcHJ4jRx
Nikola, the EV company that's not Tesla, is struggling to stay afloat. 📉 Board approves reverse stock split to avoid delisting. @petenajarian evaluates this Hail Mary pass. Will it save them? 🏈 or " More like a reverse uno card on bankruptcy" @jonnajarian Rebel's Edge 🏴☠️ 1pm… https://t.co/d8q1NS6soI
Nikola (NASDAQ: $NKLA ) was trading 21.50% lower on Thursday after the energy and transportation solutions company said its board approved a 1-for-30 reverse stock split, effective June 24 4:01 PM ET. https://t.co/IleeWuCh1S
$NKLA Nikola approved a 30-1 reverse split today. What’s the point anymore? https://t.co/svhXt323Zh
Nikola plans 1-for-30 reverse stock split to comply with Nasdaq listing rules https://t.co/ETVcUR54cw https://t.co/ZKPu8lpIMZ
🔵 NIKOLA PLANS 1-FOR-30 REVERSE STOCK SPLIT TO COMPLY WITH NASDAQ LISTING RULES Nikola on Thursday announced a 1-for-30 reverse stock split to comply with Nasdaq listing rules. Full Story via Reuters on PiQ Suite - Link in Bio https://t.co/YkediTHaCq
$NKLA | Nikola Announces 1-For-30 Reverse Stock Split Approved by Board; Effective June 24, 2024.
JUST IN: Nikola just announced 1-for-30 reverse stock split. $NKLA 🔴 -10.45% in pre-market https://t.co/7u0WPxzeeG
Nikola $NKLA just announced a 1 for 30 REVERSE STOCK SPLIT https://t.co/VtALUA3q1A
$NKLA NIKOLA BOARD APPROVES 1-FOR-30 REVERSE STOCK SPLIT NIKOLA: SHARES TO BEGIN TRADING ON SPLIT-ADJUSTED BASIS ON JUNE 25