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Stock impact report

XpresSpa Announces 1-for-3 Reverse Stock Split

XpresSpa Group, Inc. (XSPA) 
Last xpresspa group, inc. earnings: 11/14 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: xpresspagroup.com/investors/corp_overview
Company Research Source: GlobeNewswire
NEW YORK, June 10, 2020 (GLOBE NEWSWIRE) -- XpresSpa Group, Inc. (Nasdaq: XSPA) (the “Company”), a health and wellness company, today announced that it filed a certificate of amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-3 reverse stock split of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”). Such amendment and ratio were previously approved by the Company’s stockholders and board of directors, respectively. The reverse stock split does not have any impact on the voting and other rights of stockholders and will have no impact on the Company’s business operations or any of its outstanding indebtedness. The reverse stock split is scheduled to take effect after the market closes on June 10, 2020 (the "Effective Time"). Shares of the Common Stock are expected to begin trading on a split-adjusted basis on June 11, 2020. As a result of the reverse stock split, Show less Read more
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