04:45 PM EDT, 04/01/2024 (MT Newswires) -- Gladstone Capital ( GLAD ) said late Monday its board has authorized a reverse stock split at a 1-for-2 ratio.

The split will be effective at the opening of business on the Nasdaq on April 5, the company said.

The move will decrease the number of shares to about 21.8 million shares from roughly 43.5 million shares.

Price: 10.58, Change: +0.01, Percent Change: +0.09