CDTi Announces Effective Date of Reverse Stock Split
CDTI ADVANCED MATERIALS (CDTI)
Last cdti advanced materials earnings: 8/14 04:05 pm
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US:NASDAQ Investor Relations:
investor.cdti.com
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Source: GlobeNewswire
OXNARD, Calif., Sept. 21, 2018 (GLOBE NEWSWIRE) -- CDTi Advanced Materials, Inc. (NASDAQ: CDTI) (“CDTi” or “the Company”), a leader in advanced emission control technology, announced the expected effective date of its 1-for-5 reverse stock split. Stockholders granted the Board of Directors discretionary authority to effect the reverse split at the Company’s annual meeting of stockholders held on August 24, 2018. CDTi anticipates the reverse split to be effective after the close of trading on NASDAQ on Friday, September 21, 2018 (the “Effective Date”), and for the common stock to continue trading on NASDAQ under the trading symbol “CDTI” under new CUSIP number 12514V204 on a split-adjusted basis commencing at the open of trading on Monday, September 24, 2018. The reverse split will reduce the number of outstanding shares of CDTi common stock from approximately 20 million shares to approximately 4 million shares. Correspondingly, the trading price of CDTi common stock is expected to
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