-+ 0.00%
-+ 0.00%
-+ 0.00%

BUZZ-Allbirds falls after announcing 1-for-20 reverse stock split

Reuters·08/30/2024 13:41:08
Listen to the news
BUZZ-Allbirds falls after announcing 1-for-20 reverse stock split

** Footwear maker Allbirds BIRD.O down 14.9% at $0.61

** Co announces 1-for-20 reverse stock split of its outstanding shares of Class A Common Stock and Class B Common Stock

** Stock split intended to bring the company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market, co says

** Stock split to be effective at 5.00 am ET on Sept. 4

** YTD, BIRD down 41% as of last close


(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))