Izea announces a 1-for-4 reverse stock split

IZEA Worldwide announced a 1-for-4 reverse split of its common stock to be effective prior to the market open on June 16, 2023. The Reverse Split was approved by the Company’s board of directors. The purpose of the Reverse Split is to enable the Company to regain compliance with the Nasdaq Capital Market continued listing guidelines. The Company believes that a greater price per share of common stock could allow a broader range of institutions to invest in the Company, potentially increasing marketability, trading volume and liquidity of the common stock.