Sunworks Announces Reverse Stock Split
Sunworks, Inc. (SUNW)
Last sunworks, inc. earnings: 10/31 07:07 am
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US:NASDAQ Investor Relations:
ir.sunworksusa.com
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Source: GlobeNewswire
ROSEVILLE, Calif., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that it will effect a one-for-seven reverse stock split of its outstanding common stock. The purpose of the reverse stock split is to bring the company into compliance with the minimum $1.00 price per share bid requirement of Nasdaq's Marketplace Rule 5550(a)(2). The company’s common stock will continue trading on the Nasdaq Capital Market under the symbol ”SUNW” on a reverse stock split adjusted basis when the market opens tomorrow, August 30, 2019. The company’s stockholders approved a proposal authorizing the company’s Board of Directors to effect a reverse stock split in a range of 1:3 to 1:10 at the company’s Annual Meeting of Stockholders held on August 7, 2019. The reverse stock split uniformly affects all issued and outstanding shares of the company’s
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