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Add as a preferred source on GoogleEnlivex Sets 1-for-16 Reverse Split for Oct. 27 Nasdaq Trading
Enlivex expects outstanding ordinary shares to decline to about 1.53 million, with the final count subject to fractional-share rounding.
Enlivex Ltd. (Nasdaq: ENLV) plans a one-for-16 reverse split of its ordinary shares on Oct. 27, when its Nasdaq-listed stock is scheduled to begin trading with the change reflected.
The company expects issued and outstanding ordinary shares to drop from 24,511,905 to about 1.53 million. The final figure may vary because of fractional-share rounding.
Authorized ordinary shares are set to fall from 158,333,333 to 9,895,833. Par value per share will rise from NIS 6 to NIS 96.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.