Aterian Announces Reverse Stock Split
Aterian(ATER) Newsfilter·2024-03-20 19:30
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") has announced a 1-for-12 reverse stock split of its common stock, effective with the market opening on Friday, March 22, 2024. This move is aimed at meeting Nasdaq's continued listing standards, specifically to increase the per share price above the minimum $1.00 threshold required by Nasdaq. The reverse split was authorized by the Company's shareholders on August 11, 2023, granting the Company's Board of D ...