Five Star Senior Living Inc. Announces Reverse Stock Split to Regain Nasdaq Compliance
Five Star Senior Living Inc. - Common Shares (FVE)
Last five star senior living inc. - common shares earnings: 11/9 07:00 am
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investors.fivestarseniorliving.com/home/default.aspx
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Source: Business Wire
Reverse stock split to be effective as of close of trading on September 30, 2019 NEWTON, Mass.--(BUSINESS WIRE)--Five Star Senior Living Inc. (Nasdaq: FVE) today announced that its board of directors has approved a one-for-ten reverse stock split of its outstanding shares of common stock effective as of the close of trading on September 30, 2019, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5550(a)(2).At the effective time, each ten (10) Five Star common shares outstanding immediately prior to the effective time will be converted into one (1) issued and outstanding Five Star common share. No fractional common shares will be issued in connection with the reverse stock split. Each Five Star stockholder that would have been entitled to receive a fractional common share as a result of the reverse stock split will receive cash in lieu of such fractional common share. Five Star expects that a new CUSIP number will be is
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