WebMediaBrands Announces 1-for-7 Reverse Stock Split
WebMediaBrands Inc. (Nasdaq: WEBM), today announced that its board of directors has approved a 1-for-7 reverse split of its common stock. The reverse stock split will become effective at 5:00 p.m. eastern time following the filing of an amendment to our certificate of incorporation with the Delaware Secretary of State on August 16, 2012 and will begin trading on a split-adjusted basis when the market opens on August 17, 2012.
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