NextPlay announces reverse stock split effective January 6

NextPlay Technologies announced that its Board of Directors has declared a 1-for-20 reverse stock split of the company’s common stock. The reverse stock split will become effective on January 6, 2023 at 12:01 AM Pacific Time. The company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on January 6, 2023, under the current Nasdaq trading symbol "NXTP". The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining NextPlay’s listing on the Nasdaq Capital Market.