- Single serve coffee formats producer NuZee Inc (NASDAQ:NUZE) said it intends to effect a 1-for-35 reverse stock split of its issued and outstanding shares of common stock.
- As previously disclosed, the stockholders approved a reverse stock split at the company’s Special Meeting of Stockholders held on December 9, 2022.
- The shareholders also authorized the Board of Directors to select the reverse stock split ratio within a range from 1-for-10 to 1-for-50.
- The Board has since exercised such discretion to effect a 1-for-35 reverse stock split. The reverse stock split will automatically convert 35 current shares of the company’s common stock into one share of common stock.
- The reverse stock split will become effective on Wednesday, December 28, 2022.
- Price Action: NUZE shares are trading lower by 0.95% at $0.2823 in premarket on the last check Wednesday.
Zuora Sees Q1 EPS $0.00-$0.01 Vs $0.00 Est.; Q1 Revenue $101M-$103M Vs $102.75M Est.; FY24 EPS $0.07-$0.11 Vs $0.08 Est.; FY24 Revenue $428M-$440M Vs $432.01M Est.
Financial Outlook:
As of March 1, 2023, we are providing guidance for the first quarter and full fiscal year 2024 based on current market conditions and expectations. We emphasize that
