Link here.
A ratio yet-to-be determined: somewhere between 1-for-6 and 1-for-10.
According to the company:
The reverse stock split will reduce the number of Northern shares of common stock outstanding and is expected to increase the per share trading price of Northern’s common stock, which may improve marketability and facilitate its trading.And perhaps prevent de-listing.
NOG today:
- closed at 95 cents;
- down about 2 cents;
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