Edgio announces effectiveness of 1-for-40 reverse stock split

Edgio announced that, on March 1, the company will file a Certificate of Amendment to its Amended and Restated Certificate of Incorporation, effecting a one-for-forty reverse stock split of the company’s common stock. The Certificate of Amendment was approved by the board of directors of the company and will become effective March 1. As a result of the reverse stock split, every forty shares of the company’s issued and outstanding common stock will be converted into one share of issued and outstanding common stock. The number of authorized shares remain unchanged.