- Applied UV Inc (NASDAQ:AUVI) said it will effect a 1-for-5 reverse stock split of its common stock, par value $0.0001 per share.
- Applied UV’s common stock will continue to trade on The Nasdaq Capital Market under the existing symbol “AUVI.”
- The shares will begin trading split-adjusted when the market opens on May 31, 2023.
- The reverse stock split is primarily intended to bring the company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.
- At the company’s annual meeting of stockholders held on May 24, 2023, the stockholders approved a proposal to authorize a reverse stock split at a ratio within the range of 1-for-2 to 1-for-5.
- The company’s Chief Executive Officer approved a 1-for-5 reverse split ratio.
- Price Action: AUVI shares are trading lower by 36% at $0.3553 on the last check Tuesday.
What’s Happening With Pinduoduo (PDD) Shares During Friday’s Trading Session
Shares of Chinese companies, including Pinduoduo Inc - ADR (NASDAQ: PDD), are trading higher Friday afternoon. It was earlier reported China is aiming to take golden shares in units of Tencent and Alibaba. The recent reopening of China may also be lifting Chinese stocks.
