Gladstone Capital Corp (GLAD) has shared an update.
Gladstone Capital Corporation has announced a 1-for-2 reverse stock split, set to take effect after market close on April 4, 2024, and applicable for trading from the start of the business day on April 5, 2024, on the Nasdaq Global Select Market. This strategic move, aimed at consolidating shares, will not affect the Company’s Series A Preferred Stock, which will remain as is. The decision, reflecting a proactive approach to managing stock value, is part of the Company’s broader financial strategy.
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