Elevai Labs Inc. Announces Reverse Stock Split to Maintain Nasdaq Listing Compliance
Elevai Labs, Inc. (ELAB)
Company Research
Source: GlobeNewswire
NEWPORT BEACH, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Elevai Labs Inc. (NASDAQ: ELAB) (Elevai" or the "Company") announced today it will implement a 1-for-200 reverse stock split (“Reverse Stock Split”) of its common stock, which will be effective at midnight on November 27, 2024. This initiative aligns with the Company’s efforts to meet Nasdaq's minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2). Key Details of the Reverse Stock Split:- Conversion Ratio: Every 200 shares of issued and outstanding common stock will be automatically consolidated into one share, with no action required from shareholders. - Fractional Shares: Shareholders entitled to fractional shares will receive one full share for each fractional portion. - Updated Stock Identifier: While the trading symbol remains "ELAB", the common stock now carries a new CUSIP number (28622K 203). - Equity Adjustments: Outstanding stock awards, options, and the equity incentive plan have
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News
- Elevai Labs Inc. Announces Reverse Stock Split to Maintain Nasdaq Listing Compliance [Yahoo! Finance]Yahoo! Finance
- Elevai Labs Inc. Announces Withdrawal of Offer to Exchange and Plans to Reassess [Yahoo! Finance]Yahoo! Finance
- Elevai Labs Inc. Announces Withdrawal of Offer to Exchange and Plans to ReassessGlobeNewswire
- Elevai Labs Third Quarter 2024 Earnings: US$0.068 loss per share (vs US$0.078 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- CORRECTION - Elevai Labs Inc.GlobeNewswire
ELAB
Sec Filings
- 11/22/24 - Form SC
- 11/22/24 - Form 8-K
- 11/22/24 - Form DEF
- ELAB's page on the SEC website