The Daily Gazette
The Locally Owned Voice Of The Capital Region

Plug Power gets shareholder OK for reverse stock split

Text Size: A | A

Hoping to avoid delisting from NASDAQ, Plug Power stockholders gave the company permission this weekend to perform a reverse stock split. If the Latham fuel cell manufacturer does effect the split, it will reduce the number of shares each stockholder has, creating a proportional increase in the share price. New shares would be issued for every 10 to 25 old shares. The move could help stave off the looming threat of delisting from the NASDAQ, ...

You Must or Subscribe to Continue
subscribe to the Daily Gazette
Individual stories can be found and purchased from our Archives for $2.00

Enjoy this story? Share it!



There are currently no posts. Be the first to comment on this story.