The number of times that a stock can undergo a reverse stock split in a span of 1 year on Nasdaq is not fixed or predetermined. It depends on various factors, including the company's financial performance, the need to maintain compliance with Nasdaq's listing standards, and the company's ability to address any deficiencies that may arise.
- Nasdaq's Listing Rules: Nasdaq has specific rules regarding reverse stock splits, including the requirement for companies to maintain a minimum bid price of at least $1.00 per share and a minimum number of publicly held shares. If a company implements a reverse stock split and it results in non-compliance with these rules, it may face additional challenges1.
- Company's Financial Situation: The decision to undergo a reverse stock split is typically driven by a company's financial situation. If a company's stock price falls below the minimum bid price or it fails to meet other listing requirements, it may be forced to consider a reverse stock split to maintain its listing status2.
- Compliance with Nasdaq's Requirements: If a company decides to undergo a reverse stock split, it must notify Nasdaq and comply with the company's own internal policies and procedures. Nasdaq may also require the company to submit a compliance plan if it fails to comply with other listing standards1.
In conclusion, the number of times that HOLO can undergo a reverse stock split in a span of 1 year on Nasdaq is not fixed, but rather depends on the company's financial performance and its ability to maintain compliance with Nasdaq's listing standards.
8/28/2024 06:00pm
