New Fortress Energy board approves 1-for-50 reverse stock split
New Fortress Energy said its board approved a 1-for-50 reverse stock split to help regain compliance with Nasdaq’s minimum bid price requirement. NFE fell 4.1% in Wednesday trading.
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New Fortress Energy board approves 1-for-50 reverse stock split
New Fortress Energy Inc. said its Board of Directors approved a reverse stock split of its Class A common stock at a 1-for-50 ratio.