Flotek announces 1-for-6 reverse stock split

The company announced that its Board of Directors has approved a 1-for-6 reverse split of Flotek’s common stock, par value $0.0001 per share. The Reverse Stock Split will become effective after market close on September 25, 2023, and the shares of common stock are expected to begin trading on the split-adjusted basis under the company’s existing trading symbol, “FTK,” when the market opens on September 26, 2023. The new CUSIP number following the Reverse Stock Split will be 343389409.