(RTTNews) - Auddia Inc. (AUUD, AUUDW) announced that effective before market open on March 31, 2025, it will complete a 1-for-17 reverse stock split of its common stock. The Board resolved to set the reverse stock split at the ratio of 1-for-17. Every seventeen issued shares of common stock will automatically be combined into one share of common stock.
The company believes that affecting the reverse stock split will assist in its efforts to meet the Nasdaq continued listing standards and to continue to have its common stock remain listed and traded on Nasdaq. The company expects the reverse stock split to increase the per share price and bid price of its common stock above the $1.00 required by Nasdaqs Minimum Bid Price Rule.
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