Re: Special Meeting
in response to
by
posted on
Jan 11, 2021 05:10PM
If this is correct, it doesn't sound like the meeting would be for an R/S?...
"A corporation can decrease the number of its publicly held shares through a reverse split. The board of directors does not need to get stockholder approval to authorize a reverse split. The board selects the reverse split ratio, such as issuing one share for every 10 shares owned, and announces the date the split takes effect. Whether this helps or hurts your stock portfolio depends on the company’s reason behind the split."
https://finance.zacks.com/handle-reverse-stock-split-10778.html