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Stock impact report

Rex Energy Announces One-For-Ten Reverse Stock Split

REX ENERGY (REXX) 
Last rex energy earnings: 5/15 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: rexenergy.com/company-strategy.html
Company Research Source: GlobeNewswire
STATE COLLEGE, Pa., May 05, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (NASDAQ:REXX) today announced a one-for-ten reverse stock split of its common stock.  The company’s stockholders granted authority to the company’s Board of Directors to effect this reverse stock split at the company’s annual meeting of stockholders on May 5, 2017.  The reverse stock split is expected to take place after market close on May 12, 2017 (the “Effective Time”).  It also is expected that the company’s common stock will begin trading on a split-adjusted basis on The NASDAQ Capital Market (“NASDAQ”) at the market open on May 15, 2017. At the Effective Time, every ten issued and outstanding shares of the company’s common stock will be converted into one share of the company’s common stock.  While the company’s common stock will continue to trade on NASDAQ under the symbol “REXX,” it will have a new CUSIP number following the effectiveness of the reverse stock split.  The reverse stock split will not Show less Read more
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