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Inspire Veterinary Partners, Inc. (NASDAQ:IVP) announced a 1-for-100 reverse stock split to correct the total number of shares of Common Stock and the approval date by the board. The split will reduce the number of shares from 100,000,000 to 1,000,000 and aims to maintain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse stock split will take effect on May 8, 2024.
Inspire Veterinary Partners, Inc. (Nasdaq: IVP) announced a 1-for-100 reverse stock split of its common stock, effective May 8, 2024. This move reduces the total authorized shares from 100,000,000 to 1,000,000, aiming to comply with Nasdaq's $1.00 minimum bid price requirement for listing. The split does not affect shareholders' equity interests and will be rounded up to whole shares.
