08:17 AM EST, 12/30/2024 (MT Newswires) -- Electra Battery Materials ( ELBM ) said Monday it will effect a 4-to-1 reverse stock split, effective Tuesday, in an effort to meet Nasdaq's minimum bid price requirement of $1.00 per share.
The shares will begin trading on a split-adjusted basis on Thursday, the company said.
Electra Battery shares were nearly 6% higher at $0.50 in premarket trading.