Broadwind Energy, Inc. BWEN announced today that it intends to
effect a reverse split of its common stock at a ratio of 1 post-split share
for every 10 pre-split shares. The reverse stock split will become effective
at 11:59 p.m. ET on Wednesday, August 22, 2012. Broadwind's common stock
will continue to be traded on the NASDAQ Capital Market under the symbol
"BWEN" and will begin trading on a split-adjusted basis when the market
opens on Thursday, August 23, 2012. At an annual meeting of stockholders
held on May 4, 2012, Broadwind's stockholders granted the Board of Directors
the discretion to effect a reverse stock split of Broadwind's common stock
through an amendment to its Certificate of Incorporation at a ratio of not
less than 1-for-5 and not more than 1-for-10.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsStock Split
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in