Insignia Systems, Inc. Reverse Stock Split Effective December 31, 2020
Insignia Systems, Inc. (ISIG)
US:NASDAQ Investor Relations:
insigniasystems.com/investor-relations
Company Research
Source: Accesswire
MINNEAPOLIS, MN / ACCESSWIRE / December 31, 2020 / Insignia Systems, Inc. (NASDAQ:ISIG) today announced that effective at 5:00 p.m. central time on December 31, 2020, the Company will effect a seven-for-one reverse stock split of its outstanding common stock.The Company's common stock will continue to trade under the symbol "ISIG" and it is expected to open for trading on Nasdaq on January 4, 2021 on a post-split basis.The reverse stock split is primarily intended to bring the Company into compliance with the minimum bid price requirement to maintain the listing of its common stock on the Nasdaq Capital Market. Upon the effectiveness of the reverse stock split, every seven shares of issued and outstanding common stock at the close of business on December 31, 2020 automatically will be combined into one issued and outstanding share of common stock, with no change in par value per share.The reverse stock split will reduce the number of shares of the Company's authorized common stock fro
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