Teligent (TLGT) Misses Q1 EPS by 5c, Revenues Miss

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Go back to Teligent (TLGT) Misses Q1 EPS by 5c, Revenues Miss

Teligent (TLGT) Reports 1-for-10 Reverse Share Split

May 26, 2020 4:33 PM EDT

Teligent, Inc. (NASDAQ: TLGT) announced today that as of 12:01 a.m., Eastern Time, on May 28, 2020 it will effect a one-for-ten reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on Thursday, May 28, 2020.

At a Special Meeting of Stockholders held on January 24, 2020 the reverse stock split was approved by the Company's stockholders to be effected at the Boards discretion within the approved parameters and the specific ratio was subsequently approved by the Company's Board. The reverse stock split is... More