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Eagle Bulk Shipping (EGLE) Announces 1-for-20 Reverse Stock Split

August 5, 2016 9:00 AM EDT

Eagle Bulk Shipping Inc. (Nasdaq: EGLE) announced that it has effected a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split, which was previously approved by the Company's Board of Directors and shareholders, took effect as of 5:00 p.m., Eastern Time, August 4, 2016. Upon the effectiveness of the reverse stock split, every 20 shares of issued and outstanding common stock were combined into one issued and outstanding share of common... More