noco-noco (NCNC) Delays Reverse Share Split

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Go back to noco-noco (NCNC) Delays Reverse Share Split

noco-noco Inc Announces Revised Timelines for Reverse Stock Split

October 22, 2024 12:43 PM EDT

Singapore, Oct. 22, 2024 (GLOBE NEWSWIRE) --  noco-noco Inc. (the Company) announces that it has sought an extension to effect its reverse stock split in order to comply with Nasdaqs minimum bid price requirement, following a delay that prevented the reverse split from taking place, by the previously set deadline of November 1, 2024.

At the Extraordinary General Meeting (EGM) held on October 17, 2024, the Companys shareholders approved a share consolidation (reverse stock split) and the adoption of an Amended Memorandum & Articles of Association (MAA), both intended to take effect immediately. However, due to the timing of the required filings, the reverse split was delayed.... More