02:10 PM EDT, 09/09/2024 (MT Newswires) -- Edgio ( EGIO ) said Monday it voluntarily filed for Chapter 11 relief in the US Bankruptcy Court for the District of Delaware to pursue one or more sale transactions for the continued operation of its business under new ownership.

Shares slumped 80%, with intraday trading volume at over 4.01 million compared with a daily average of about 50,000.

UTime ( WTO ) said Monday it is implementing a one-for-25 reverse stock split of its common stock starting Wednesday to comply with Nasdaq's $1-per-share listing requirement.

Shares dropped 24% as intraday trading volume rose to over 208.6 million versus a daily average of about 42.1 million.

Price: 1.22, Change: -4.95, Percent Change: -80.23