Electra Battery Materials to Implement 4-to-1 Reverse Stock Split-March 2024-www.financetom.com

Electra Battery Materials to Implement 4-to-1 Reverse Stock Split

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Electra Battery Materials to Implement 4-to-1 Reverse Stock Split

Dec 30, 2024 5:46 AM

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.

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