MacKenzie Realty Capital announces 1-for-10 reverse stock split

5 hours ago 1

MacKenzie Realty Capital (NASDAQ:MKZR) announced on Wednesday that its board of directors has approved a 1-for-10 reverse stock split.
The reverse stock split is intended to increase the per-share trading price of the company's common stock to enable the company to satisfy the minimum bid price requirement for continued listing on Nasdaq.
The reverse stock split would reduce the number of shares of common stock outstanding from 15.78 million shares to approximately 1.58 million shares.
MKZR is -1.77% to $0.66.
Source: Press Release

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