Vivid Seats Announces 1-for-20 Reverse Stock Split
(RTTNews) - Vivid Seats Inc. (SEAT) Monday announced a 1-for-20 reverse stock split of its Class A and Class B shares effective August 5.
Earlier, in a filing, the company had stated that the action was to reduce the risk of delisting from Nasdaq for not complying with its listing rules, which require a minimum bid price of $1.00 per share.
Vivid Seats stock had closed at $1.45, down 6.45% on Friday.
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