Comscore to move forward with a 1-for-20 reverse stock split

Comscor announced that it will move forward with a 1-for-20 reverse stock split of its issued and outstanding common stock. The Company expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Global Select Market with the opening of trading on Wednesday, December 20, 2023. The reverse stock split was approved on December 12, 2023 by Comscore’s Board of Directors, following approval by the Company’s shareholders at a special meeting held on the same date, with the authorization to determine the final split ratio granted to the Board of Directors. The reverse stock split is intended to bring Comscore into compliance with Nasdaq’s $1.00 per share minimum bid price requirement for continued listing and make the Company’s stock more attractive to a broader range of institutional and other investors. “While we are disappointed that market conditions led to this reverse split, we are encouraged by our recent performance as we continue to pursue clear financial, operational and strategic opportunities to deliver growth and value for our shareholders and clients. We expect to meet the 2023 financial guidance we published in November and see strong growth potential for 2024 and beyond,” said Jon Carpenter, Chief Executive Officer of Comscore.