Inuvo Announces 1-for-10 Reverse Stock Split
Inuvo Inc. (INUV) announced that it has taken steps to initiate a one-for-ten reverse stock split of the Company's common stock.
As a result of the reverse stock split, every ten shares of the Company's common stock issued and outstanding immediately prior to the effective date will be combined into one share of common stock. The Company will not issue fractional shares of common stock. Fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.
Completion of the reverse stock split is subject to the Company's completion of the steps necessary to implement the reverse split, which is expected to occur in the fourth quarter.
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