Jaguar8 commented on a stock · Oct 15, 2024 21:06

NEWS

Pineapple Energy Announces Previously Approved Reverse Stock Split, Effective October 17, 2024

Pineapple Energy Inc. (NASDAQ: PEGY) has announced a 1-for-50 reverse stock split of its outstanding common stock, effective October 17, 2024. This decision, approved by stockholders on July 19, 2024, aims to increase the market price per share to regain compliance with Nasdaq's minimum bid price requirements. The stock will continue trading under the symbol 'PEGY' with a new CUSIP number: 72303P404.
Key points:
Every 50 shares will be combined into one share
Authorized common stock reduced from 133,333,333 to 2,666,667
Adjustments made to conversion and exercise prices of outstanding securities
No fractional shares issued; settled in cash
Shareholders with electronic holdings need not take action
Physical certificate holders will receive information from EQ Shareowner Services

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Nix2000 : This is just a share selling scam. Get out of this scam and don’t look back.

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Jaguar8

Spread kindness and love. Life is short. Don’t let greed eat you.

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