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Stock impact report

Vislink Technologies Announces 1-for-6 Reverse Stock Split

Vislink Technologies, Inc. (VISL)  More Company Research Source: GlobeNewswire
PDF HACKETTSTOWN, NJ, July 31, 2020 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (“Vislink”) (Nasdaq: VISL), whose brands are recognized as the global leaders in live video communications, announced that its Board of Directors has approved a 1-for-6 reverse stock split (the “Reverse Stock Split”) of its common stock (the “Common Stock”) that will become effective at 5 p.m. ET on July 31, 2020. The Common Stock will begin trading on a split-adjusted basis upon market opening on Monday, August 3, 2020 under the new CUSIP number 92836Y 300. Mickey Miller, CEO of Vislink, commented, “We have made significant progress in the operational turnaround effort with the addition of new senior leadership, a revamp of our Board and operational improvements that enhance our profitability.” Miller further commented, “Given the progress we have had in our operational turnaround, this reverse split is a natural next step in maintaining our listing on Nasdaq and enabling continued access to capital fo [Read more]
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