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Stock impact report

Marin Software's Stockholders and Board of Directors Approve Reverse Stock Split [Yahoo! Finance]

Marin Software Incorporated (MRIN) 
US:NYSE Investor Relations: marinsoftware.com/about-us/20205-2
Company Research Source: Yahoo! Finance
performance-driven advertisers and agencies, announced that at its annual meeting of stockholders held today, stockholders voted to approve a proposal authorizing the Board of Directors to effect a reverse stock split of Marin's outstanding shares of common stock at a ratio of not less than 1-for-4 and not more than 1-for-6, with the exact ratio to be set within that range at the discretion of the Board of Directors, and a proposal to reduce the number of authorized shares of Marin's common stock from 142,857,143 to that number of shares equal to 142,857,143 multiplied by two times the stock split ratio. Marin's Board of Directors has determined that the reverse stock split ratio will be 1-for-6 (the "Reverse Stock Split"). The Reverse Stock Split is expected to take effect at 5:00 p.m. Eastern Time on April 12, 2024 and Marin expects that its common stock will trade on a split-adjusted basis on at the opening of trading on April 15, 2024. Upon the effectiveness of the Reverse Stock Show less Read more
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