PHUNWARE INC. DL-,0001 Forum: Community User: Adel1
On November 1, 2023, the SEC approved new Nasdaq rules on notification and disclosure of reverse stock splits. Under the new rules, a listed company conducting a reverse stock split must: Notify Nasdaq of certain details of the reverse stock split at least five business days prior to the anticipated market effective date (rather than our current rule requiring 15-days notice). Publicly disclose the reverse stock split by noon ET at least two business days prior to the anticipated market effective date . Nasdaq believes that shortening the current notification requirement from 15 days to five will allow companies to provide complete submissions, whereas the current 15-day requirement results in initially incomplete submissions that are updated, sometimes at the last minute. Nasdaq also believes that the minimum two business day public notice will allow market participants to timely update their systems, which will help to reduce the risk that investors and brokers inadvertently miss the public announcement of the reverse stock split, and continue to make or accept trades at the pre-split price.
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| 1 | Phunware | ||
| 2 | PHUNWARE INC. DL-,0001 Hauptdiskussion | ||
| 3 | PHUNWARE 300,00$ ZIEL |
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| 1 | Canopy Hauptforum | +20,22 % | |
| 2 | NVIDIA Hauptdiskussion | +1,09 % | |
| 3 | Beyond Meat Hauptdiskussion | +13,00 % | |
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