Newegg Commerce ( (NEGG) ) just unveiled an announcement.
On March 12, 2025, Newegg Commerce, Inc. announced a twenty-to-one reverse stock split of its common shares, approved by its board of directors and controlling shareholders. This move, expected to take effect on or around April 7, 2025, aims to help the company meet Nasdaq’s minimum listing price requirements. The reverse split will proportionately adjust the number of shares available under equity incentive plans and outstanding awards, while maintaining shareholder percentage interests, except for fractional shares, which will be exchanged for cash.
More about Newegg Commerce
Newegg Commerce, Inc., founded in 2001 and based in Diamond Bar, California, is a leading global online retailer specializing in PC hardware, consumer electronics, gaming peripherals, home appliances, automotive, and lifestyle technology. The company also provides e-commerce solutions for businesses, including marketing, supply chain, and technical services.
YTD Price Performance: -12.95%
Average Trading Volume: 875,951
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $148.5M
See more data about NEGG stock on TipRanks’ Stock Analysis page.